Net profit down 74% YoY, eToro's Q3 net profit falls to $15 million

Odaily reports: Online trading platform eToro's Q3 net profit fell 74% year-over-year to $15 million. Affected by weakened cryptocurrency trading activity, the company's net contribution revenue declined 13% year-over-year to $186 million. In October of this year, eToro's cryptocurrency trading volume dropped 62% year-over-year to 2 million trades. As of the end of Q3, the number of funded accounts on the platform increased 18% year-over-year to 4.39 million.