eToro, a trading platform, has reported a crypto loss in the second quarter, with gross crypto revenue falling to $1.35 billion, according to reporting from CoinDesk. This represents a significant decline in crypto revenue for the company.
Despite the crypto loss, eToro's total profit beat estimates. The company also announced that it has agreed to buy U.S. brokerage TradeZero for up to $231 million.
eToro is a trading platform that allows users to buy and sell various assets, including cryptocurrencies. The company's crypto revenue is a significant portion of its overall business.