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How does eToro generate revenue from digital currencies?

avatarMcCurdy McGarryDec 26, 2021 · 3 years ago1 answers

Can you explain how eToro generates revenue from digital currencies? I'm curious to know the specific methods they use to make money from this market.

How does eToro generate revenue from digital currencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    eToro generates revenue from digital currencies through various means. One of the ways they do this is by charging fees on trades made on their platform. When users buy or sell digital currencies on eToro, they are charged a small fee. This fee contributes to eToro's revenue. Additionally, eToro may also earn revenue through spreads. A spread is the difference between the buying and selling price of a digital currency, and eToro may earn a portion of this spread. Another way eToro generates revenue is through their social trading feature. eToro allows users to copy the trades of successful traders, and charges a fee for this service. These are just a few ways eToro generates revenue from digital currencies.