The companies, products and regulatory developments shaping the broker industry.
eToro’s third-quarter net income fell 74% to $15 million while accounts rose to 4.39 million; its October crypto-trade count was 62% lower year on year.
Crypto trades fell only 4%, but average invested amount dropped 70%. Their compound effect cut the estimated aggregate from $1.79bn to $514m.
Crypto securities income fell CHF31m, more than five times the group’s total income increase. Shares, funds, metals and Yuh supplied the offset.
eToro’s first-half cryptoasset revenue was lower than its matching cost, while derivatives changed the sign of a simple reconstruction but not the gross-versus-net problem.
Event contracts generated $173m against crypto’s $120m; unrealised investment losses and higher expenses weighed on the quarterly result.
Participating savings-bank customers can open a Deka crypto account in their existing app. The service uses bank-managed custody and time-limited quotes, with outbound transfers restricted to specified service providers.
The service pairs zero crypto trading and custody charges with GBP/USD conversion fees and collared market orders. Its onboarding, cash requirements and external-transfer limits shape how it can be used.