Share this article
eToro’s Crypto Trading Commissions Soar to $264M in Q2
Crypto trading commissions increased from just 7% of total commissions a year ago to 73% in the second quarter of this year.
Updated May 9, 2023, 3:23 a.m. Published Aug 25, 2021, 2:33 p.m.
Trading platform eToro said its commissions from crypto trading increased by nearly 23-fold in the second quarter, compared with the same period last year.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Commissions from crypto trading were $264.2 million in the second quarter, compared with $11.2 million in the second quarter a year ago.
- The share that crypto represented of total trading commissions increased to 73% this past quarter, compared with just 7% during the same period last year. XRP brought in the most commissions out of any crypto assets, while bitcoin had the most trading volume.
- The company's total trading commissions were $362 million, and net trading income was $290 million. The company, however, posted a net loss of $89 million because of a non-cash charge of $71 million in stock-based compensation for eToro employees and a $36 million transaction cost related to its future merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp. V.
- In May, eToro announced that it plans to go public via the merger, which values the combined company at $10.4 billion.
- The company added 2.6 million new clients in the second quarter, a 121% increase from the same period last year but 500,000 fewer than what it added in the first quarter. The company had 23.2 million total users as of June 30.
Read more: How eToro Got Ready to Go Public
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
