eToro's May Metrics Show Mixed Trading Activity Amid Growth in Assets
Event summary
- eToro's Assets under Administration (AUA) reached $20.1B in May 2026, up 18% year-over-year.
- Funded Accounts grew to 4.23M, a 17% year-over-year increase, including 110,000 from Zengo and Bit2C acquisitions.
- Total trades in Capital Markets/ECC surged 59% year-over-year to 64.0M, but the invested amount per trade dropped 36% to $201.
- Crypto trades declined 31% year-over-year to 2.2M, with the invested amount per trade down 28% to $203.
- Total Money Transfers doubled year-over-year to $1.6B.
The big picture
eToro's May metrics reflect a broader industry trend where traditional capital markets trading is gaining momentum while crypto activity cools. The significant increase in Assets under Administration and Funded Accounts highlights the platform's growth, but the decline in crypto trading suggests potential challenges in maintaining revenue diversity. The strategic acquisitions of Zengo and Bit2C aim to bolster user growth, but integration and retention will be key to sustaining this momentum.
What we're watching
- Trading Dynamics
- How the decline in crypto trading volume and invested amount per trade will affect eToro's revenue streams.
- Integration Challenges
- Whether eToro can successfully integrate the 110,000 funded accounts from Zengo and Bit2C acquisitions.
- Market Trends
- The pace at which traditional capital markets trading activity can offset the slowdown in crypto trading.
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