eToro, a multi-asset investment platform, released its interim financial results today for the quarter ended 30 June 2021.
The financial service provider reported strong growth in registered users and net trading income.
eToro’s significant user growth:
- eToro added 2.6 million new registered users in Q2 2021, a 121% increase from the same period a year ago.
(…) in line with this, funded accounts grew by 158% year on year to 2 million as of 30 June 2021Yoni Assia, CEO and Co-Founder of eToro
- The company had a total of 23 million users worldwide.
eToro’s total trading commissions boosted by solid crypto interest:
- The company’s total trading commissions were $362 million.
This expansion results from retail investors’ strong interest in cryptocurrencies (totaling $264M, a near 23-fold multiple from last year).
eToro added ten new crypto assets in recent months, including Dogecoin ($DOGE) and Shiba Inu ($SHIBxM). They also expanded their services by offering ETH 2.0 staking.
- The total assets under administration were $9.4 billion.
We continue to see strong positive momentum and our Q2 numbers demonstrate ongoing growth in new registered users and total commissionseToro
Etoro’s interim report: Extra resources:
- eToro’s Press Release: read here.
- Subject to disclaimers at: open now.
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Disclaimer: eToro is a multi-asset platform that offers both investing in stocks and crypto-assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
67% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not an indication of future results.
You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience, and knowledge before you decide to trade. Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours.
Crypto-assets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto-assets is unregulated and therefore is not supervised by any EU regulatory framework.