eToro (ETOR) inventory rose 14% on Tuesday after the corporate reported its strongest quarter of 2025, defying broader weak spot in crypto buying and selling that has weighed on rivals like Robinhood (HOOD) and Coinbase (COIN).
The Israel-based inventory and cryptocurrency buying and selling platform reported fourth-quarter income of $227 million, up 6% from the third quarter, and web revenue of $69 million, a file excessive. In accordance with the corporate’s earnings report, full-year gross sales for 2025 might be $868 million, up 10% from $788 million a 12 months in the past.
Its efficiency is in sharp distinction to rival platforms. Each Robinhood and Coinbase reported weaker-than-expected fourth-quarter outcomes, dragged down by weaker buying and selling exercise because of falling crypto costs and decrease volatility.
eToro’s crypto income fell to $3.59 billion within the fourth quarter from $5.8 billion within the year-ago interval, however the firm made up for the shortfall with elevated income from shares and commodities.
Chief Govt Officer Yoni Assia stated on a name with analysts that some customers who concentrate on cryptocurrencies are beginning to shift their consideration to commodities for the primary time.
“I feel there’s some convergence or transition occurring from cryptocurrencies, which have decrease volatility, to gold, silver and different commodities, that are basically extra risky,” Asia stated.
The platform presently gives greater than 100 crypto belongings to US customers, however Asia emphasised the corporate’s broader positioning in a altering market. “We’re uniquely positioned to be each a local cryptocurrency firm and a worldwide fairness buying and selling platform,” he stated in a press release.
He added that eToro is getting ready for an more and more on-chain monetary system, and stated the corporate’s lengthy historical past in cryptocurrencies and tokenization places it in a powerful place to help that transition.
Regardless of a powerful fourth quarter, indicators of slowing exercise proceed into 2026. eToro reported a complete of 4 million trades in January, a 50% year-on-year drop in cryptocurrency buying and selling quantity. The typical funding quantity per commerce additionally fell, dropping 34% from January 2025 ranges to $182.
Nonetheless, the corporate’s diversification into asset lessons seems to have softened the blow because the crypto hunch continues into the brand new 12 months.
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