The eToro investment platform has made record profits from commissions for buying and selling cryptocurrencies.
According to eToro's financial report for the secondquarter of 2021, 73% of all commissions came from cryptocurrency trading. Over the same period last year, cryptocurrencies accounted for only 7% of fees.
In total, eToro earned $362 million in fees in the second quarter. Cryptocurrencies accounted for $264 million – 23 times more than $11.27 million last year.
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Based on materialswww.theblockcrypto.com
