Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Crypto increase to account for 73% of trading commissions on eToro in Q2

3 min reading


Crypto developed to present 73% of trading commission on popular retail trading app eToro in the second quarter. eToro recently declared its Q2 results on Aug. 25 after the firm posted $362 million worth of total trading commissions and reporting its asset under the administration reached $9.4 billion.In a recent update by an investor on the same day, the firm formed that crypto-assets accounted for 73%, or $264.26 million of commissions which stated a huge 2259% increase

in comparison to the $11.2 million stated in Q2 2020. The total trading volume is up by 125% on Q2 2020, with Yoni Assia, the CEO and Co-founder of eToro pointed out in the announcement that the growth was “underpinned by long-term secular trends in investor behaviour” and authorized it by giving “simple access” to crypto via a user-friendly mobile

interface with financial education. The announcement stated that “Cryptoassets drove total commissions in the second quarter of 2021 reflecting strong interest from retail investors in crypto markets. Interest was diversified across the cryptos offered by eToro with the highest trading volumes in BTC, XRP, ETH, ADA and DOGE.”

The platform’s trading activity has developed so much in the last twelve months. In Q2 2020 data depicted crypto with just 7% of commissions, on the other hand commodities and equities were on top with 45% and 41%. By Q2 this year, commodities only accounted for 7% and equities 18%. eToro attached large increases in different places in Q2, as net trading income was $291 million which pointed a growth of 136% in comparison to last year. The user base witnessed an increase with 2.6 million new registered users, increased by 121% in comparison to Q2 2020. The platform is ready to go public on the Nasdaq exchange via a $10 billion special purpose acquisition deal (SPAC) meant to close the quarter. Even with impressive growth, the firm stated negative net income of $89 million, which was linked to a “non-cash charge of $71 million in stock-based compensation” to employees and $36 million in transaction costs connected to the SPAC merge with FinTech Acquisition Corp. V.

Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.