NEW YORK--(BUSINESS WIRE)--eToro Group Ltd (“eToro”), a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors, today announced its second quarter 2021 interim financial results.
Financial highlights for the quarter ended June 30, 2021:
- 2.6 million new registered users, up 121% compared to Q2 2020;
- total commissions of $362 million, up 125% compared with Q2 2020;
- net trading income of $291 million, up 136% compared with Q2 2020;
- as of 30 June 2021 assets under administration were $9.4 billion.
Yoni Assia, CEO and Co-founder of eToro, commented: “We continue to see strong positive momentum and our Q2 numbers demonstrate ongoing growth in new registered users and total commissions. In line with this, funded accounts grew by 158% year on year to 2 million as of 30 June 2021.
“The rise in self-directed investing and eToro’s growth are underpinned by long-term secular trends in investor behavior. We believe that investors are primarily looking for three things from a platform: (1) simple access to the assets they want to invest in, including cryptoassets, (2) an intuitive and user-friendly mobile interface and (3) financial education, including the ability to draw on the knowledge and insights of other investors. By providing all three in one platform, we are confident that we can lead the democratization of investing and continue to grow our share of an expanding market.”
Business...
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