The Number of Accounts on eToro Increased, Crypto Transactions Dropped by 62 Percent

eToro’s funded account count rose 18% year-over-year by the end of September, even as crypto transactions on the platform fell 62% in October compared with the same month last year, according to company data reported by The Block. The divergence suggests user growth on the trading platform is not translating into crypto trading activity, with account expansion outpacing engagement in digital assets. The drop in crypto transaction volume matters because it points to weaker trading appetite among retail investors despite a larger funded user base. What to watch next is whether eToro can convert its growing account numbers into higher crypto trading activity, or whether the slump in transaction volume persists into subsequent months.