EToro is putting real numbers behind its IPO hype. In a fresh SEC filing, the trading platform revealed a 46% jump in commissions last year, raking in $931 million. That’s up from $639 million in 2023. Net income also increased dramatically, hitting $192 million—over 12x more than the prior year.
Crypto Drives Big Gains for EToro
A huge chunk of that growth came from crypto. According to the filing, 38% of EToro’s commission came from digital assets in 2024, more than doubling from 17% in 2023. It helps that Bitcoin—and its altcoin friends—just wrapped up a monster year. A big part of that was political, crypto roared back into the spotlight as Donald Trump returned to office with a pro-digital asset stance.
EToro Seeks Nasdaq Listing Under Ticker “ETOR“
EToro plans to list on the Nasdaq, with Goldman Sachs (GS), UBS (UBS), Jefferies (JEF), and Citigroup (C) leading the charge. The final price range is still under wraps. But between booming revenue, a red-hot crypto market, and renewed IPO appetite, EToro’s timing couldn’t be better.
As crypto pushes further into the mainstream, companies with exposure to the sector could see their revenues climb. Of course, it depends on the business, but for investors, now’s a smart time to keep an eye on how their favourite crypto stocks are performing. Markets shift fast—and staying ahead means staying informed. You can compare top crypto-exposed stocks side-by-side using the TipRanks Crypto Stocks Comparison tool. Click on the image below to find out more.
