For eToro, buying TradeZero offers a quicker route into more advanced U.S. brokerage services than developing every product, license and technical capability internally. Total revenue and income fell to $1.59 billion from about $2.09 billion a year earlier, largely because gross crypto revenue declined to $1.35 billion from $1.91 billion. Using the company’s definition of crypto net trading contribution, crypto revenue, derivatives income and related cost of revenue produced only about $12.5 million during the quarter. Investor TakeawayTradeZero gives eToro another source of trading income at a time when crypto engagement is weakening sharply. Crypto activity has fallen sharply while traditional markets are producing stronger underlying trading income.