EToro reiterates commitment to crypto despite falling activity in Q1
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EToro's Q1 revenue from crypto assets fell 38% to $2.15 billion, with net trading income from crypto derivatives down 57% to $33.4 million. The decline in digital asset activity persisted into April, with a 32% drop in crypto trades and a 22% decrease in average investment per trade. CEO Yoni Assia anticipates a rebound in crypto prices, plans to activate eToro's BitLicense for trading in New York, and has acquired self-custodial wallet provider Zengo.
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