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eToro’s Q3 profit plunges 74% as weaker crypto trading weighs on earnings

eToro’s Q3 profit plunges 74% as weaker crypto trading weighs on earnings
AI summary

eToro reported a 74% drop in third-quarter profit to $15 million, as weaker crypto trading activity weighed on earnings. The decline points to softer retail trading volumes, which matters for exchanges and brokers whose revenue is tied to crypto market activity.

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