eToro Plans TradeZero Deal After Q2 Crypto Revenue Falls 30%: how 13 outlets framed it

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.

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eToro’s own framing tied the move to its US expansion, with co-founder and Chief Executive Yoni Assia saying, "This combination gives us a faster path to launching new products for US customers and strengthens our offering."

In parallel, eToro’s Q2 update showed total net revenue rose 32% to $1.31 billion for Robinhood even as its cryptocurrency transaction revenue fell 38% year-over-year to $100 million from $160 million, according to Finance Magnates.

CoinDesk reported eToro’s crypto trading was $7.2 million in the red in Q2 2026, after it said cryptoasset revenue was $1.35 billion and crypto-related cost of revenue was $1.35 billion, leaving a $7.2 million loss.

CoinDesk also said crypto activity cooled, with eToro reporting 1.4 million crypto trades in July, down 73% from a year earlier, while the average crypto trade fell 50% to $182.

The same reporting tied the TradeZero acquisition to a multi-asset pivot, noting eToro expects the deal to be completed in the first half of 2027, pending regulatory approvals, as it seeks to keep growing beyond crypto.