eToro shifts as crypto slips
Finance Magnates said the decline lined up with the crypto market’s third consecutive quarterly loss, with total crypto market capitalisation falling 12.6% quarter-over-quarter to $2.1 trillion, and spot trading volume on centralised exchanges dropping 27.9% to $1.95 trillion.
In the same quarter, Coinbase posted total revenue of $1.2 billion, missing the $1.35 billion analyst consensus, and reported a net loss of $359 million, per its Q2 2026 investor presentation.
Finance Magnates also said Bitcoin-related transactions made up just 12% of revenue, down from more than 50% historically, as Coinbase’s shift into other products reduced crypto’s share of the business.
TradeZero deal targets US
Against that backdrop, eToro agreed to buy U.S.-focused online brokerage TradeZero for up to $231 million in cash plus up to 2.5 million newly issued Class A shares, with closing expected in the first half of 2027 and requiring regulatory approvals.
The Defiant reported TradeZero generated roughly $80 million in revenue in the twelve months ended June 30, with 81% gross margins in the second quarter, and said the acquisition is eToro’s third acquisition signed in 2026 after Zengo and Bit2C.
