eToro's Q3 net profit dropped sharply by 74% year-on-year to $15 million

BlockBeats news, November 10: Online trading platform eToro's net profit for the third quarter dropped sharply by 74% year-on-year to $15 million. Affected by reduced cryptocurrency trading activity, the company's net contribution revenue declined by 13% year-on-year to $186 million. In October this year, eToro's cryptocurrency trading volume fell by 62% year-on-year to 2 million transactions. By the end of the third quarter, the number of funded accounts on the platform increased by 18% year-on-year to 4.39 million.