Interesting observation: eToro rises by 14% after a strong Q4, despite crypto revenues plummeting. The company has achieved what other platforms haven't—namely offsetting losses in the crypto sector with profits from stocks and commodities. Annual revenue climbed to $868 million, a 10% increase compared to the previous year.

What fascinates me: The CEO mentioned in an interview that some crypto users are starting to turn to commodities—gold, silver, and other assets with higher volatility. This shows how important it has become for a crypto platform to not only focus on cryptocurrencies. eToro is now positioning itself as a global trading platform with a strong crypto focus, not just as a pure crypto platform.

But caution: In January, crypto trading volumes fell by 50% year-over-year, and the average trade amount also decreased by 34% to $182. This indicates that even a diversified crypto platform is suffering under the current market weakness. Interesting how the strategy is shifting—less pure crypto speculation, more traditional assets.