Another busy week across financial markets saw crypto weakness weigh on trading revenues, while broker earnings, regulation and expansion plans remained in focus.

Trading activity softened in parts of the CFD market, while firms continued to invest in equities, technology and new markets. AI adoption also accelerated across trading infrastructure, alongside regulatory developments in crypto and CFDs.

Crypto Revenue Falls Across Major Trading Platforms

eToro, Robinhood and Coinbase all reported lower crypto revenue in the second quarter, as weaker market activity reduced the contribution from digital assets. eToro’s cryptoasset revenue fell 30% year-on-year to $1.35 billion, while its net contribution from crypto dropped to about $12.5 million.

Robinhood’s cryptocurrency transaction revenue declined 38% to $100 million, despite total net revenue rising 32% to $1.31 billion. Coinbase reported $1.2 billion in total revenue and a $359 million net loss, with Bitcoin-related transactions accounting for only 12% of revenue.

The declines coincided with a 12.6% fall in total crypto market capitalisation and a 27.9% drop in centralised exchange spot volume during the quarter.

eToro to Buy TradeZero for Up to $231 Million