eToro Equity Trades Surge 81% in February 2026
eToro reported a significant uptick in equity trading activity for February 2026, with capital markets and equity clearance certificate (ECC) trades climbing 81% to reach 70.2 million trades for the month. This surge marks a stark acceleration from prior periods and reflects shifting user preferences amid evolving market conditions.
The growth in equity trading occurred despite a decline in the average amount invested per trade, which fell 35% to $180. This indicates that more users were executing smaller-position trades rather than concentrating larger sums in individual investments during the period.
Crypto Trading Drops 36% as Users Shift to Equities
Crypto trading activity on the eToro platform declined sharply in February 2026, with cryptocurrency trades dropping 36% to 3.3 million trades. This downturn aligns with commentary from CEO Yoni Assia, who noted on the February 2026 earnings call that crypto-native users have been shifting toward commodities amid periods of lower crypto market volatility.
The divergence between equity and crypto performance highlights a broader trend where retail investors are reallocating capital away from digital assets toward traditional market instruments. Market observers have pointed to increased volatility in traditional markets as one factor drawing trader interest back to equities.
AUA Grows to $17.6B With 3.9 Million Funded Accounts
Assets under administration at eToro reached $17.6 billion as of February 2026, representing a 13% increase year-over-year. The platform’s funded account base expanded to 3.9 million, up 10% from the prior year period, indicating continued user adoption despite the shifting trading dynamics between asset classes.
The growth in AUA and account numbers demonstrates that the platform is maintaining its user base while experiencing significant rebalancing within that base toward equity products. This expansion occurred alongside the dramatic surge in equity trade volumes, suggesting users are increasingly viewing eToro as a gateway to traditional capital markets participation.
Analyst Sentiment: BofA, TD Cowen, Citizens, and Cantor Fitzgerald Outlook
Several analysts have provided commentary on eToro’s trajectory in recent months, with views reflecting optimism toward the platform’s non-crypto growth trajectory.
Bank of America analysts highlighted eToro’s earnings beats in their Q4 2025 assessment, noting the platform’s ability to deliver strong performance despite challenges in the cryptocurrency sector. TD Cowen subsequently raised its price target to $55, citing confidence in eToro’s diversified business model.
Citizens upgraded eToro to Market Outperform with a $90 price target, emphasizing the company’s positioning to benefit from increased equity trading activity among retail participants. Cantor Fitzgerald lifted its rating to $52 based on favorable EBITDA outlook projections, according to their Q4 2025 analysis.
These analyst perspectives predated the specific February 2026 monthly data but align with the observed trend of robust equity trading growth offsetting cryptocurrency market softness. The collective analyst sentiment reflects confidence in eToro’s ability to navigate changing market conditions while expanding its traditional finance offerings.
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