🔴 eToro is trading 10% down today as crypto activity cooled

eToro is trading at $30.59 (-10.02%) as investors focus on cooling crypto activity despite stronger-than-expected second-quarter earnings.

• Adjusted EPS reached $0.68, beating the $0.61 consensus, while net contribution reached $229 million.
• July crypto trades plunged 73% year over year to 1.4 million, and crypto revenue fell about 30%.
• The planned TradeZero acquisition adds U.S. growth potential but does not offset near-term crypto concerns.