Wu learned that eToro (NASDAQ: ETOR), a Nasdaq-listed stock and cryptocurrency trading platform, released its third-quarter financial report on November 10th. Net profit fell 74% year-over-year to $15 million, and net contribution decreased 13% year-over-year to $186 million, primarily due to reduced cryptocurrency trading activity. Adjusted EBITDA fell 56% year-over-year to $34 million. The number of cryptocurrency transactions in October decreased 62% year-over-year to 2 million, and the average investment per transaction decreased 29% to $228. As of the end of the third quarter, the number of funded accounts on the platform increased 18% year-over-year to 4.39 million, with client assets under management reaching $20.8 billion. The company also announced a share buyback program of up to $250 million. https://(wublock123.com)/news/etoro-q3-net-profit-down-74-percent-oct-crypto-trades-down-62-71693