eToro Posts Q2 Crypto Revenue Drop Despite Overall Profit Beating Forecasts

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Trading platform eToro reported a decline in gross crypto revenue to $1.35 billion in the second quarter. Despite the crypto segment underperforming, the company's total profit surpassed analyst estimates. eToro also announced a deal to acquire U.S. brokerage firm TradeZero for up to $231 million. The acquisition signals eToro's intent to expand its footprint in the American brokerage market.

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