Growth in funded accounts failed to offset the decline in crypto trading
eToro's net profit in the third quarter was about $15 million, down from $57 million a year earlier. The company attributed the weaker result to reduced activity in cryptocurrency trading.
At the same time, the number of funded accounts rose 18% to 4.39 million, while assets under management reached approximately $20.8 billion. According to NewsBTC, eToro also announced authorization for a $250 million share buyback.
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