Crypto trading commissions increased from just 7% of total commissions a year ago to 73% in the second quarter of this year.
New registrations jumped by more than 200% to 3.1 million, up from 1 million in the same period last year and 5.2 million for the whole of 2020.
eToro said it’s adding dogecoin to the cryptocurrencies traded on its exchange due to client demand. This story is developing and will be updated.
The portfolio of bitcoin and 26 companies includes PayPal, Nvidia, Canaan and Coinbase – but not MicroStrategy.
CEO Yoni Assia says he beat Elon Musk by 10 years when it comes to adding bitcoin to the balance sheet.
The combined company will operate as eToro Group Ltd. and be listed on the Nasdaq.
A deal could be announced as early as Tuesday.
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds.
The company cited issues relating to poor liquidity in the face of heightened demand.
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
The platform, which mainly caters to "social" or beginner traders, raised its required deposit level to $1,000 from $200.
The U.S. division of eToro is suspending XRP trading after an SEC suit alleging it is a security.
The crypto trading platform is also considering the possibility of a merger with a special purpose acquisition company, according to Israeli newspaper Calcalist.
The free insurance scheme covers customers for up to £1 million if the firm should ever become insolvent. But crypto holders are left out in the cold.