eToro reported a 37% year-over-year increase in first-quarter net profit, reaching $82 million, driven by a significant rise in commodities trading. The company's adjusted EBITDA rose 35% to $109 million, while net contribution increased 19% to $258 million. Commodities trading accounted for 60% of trading fees, with transaction volumes growing nearly fourfold. Despite the strong performance in commodities, eToro's crypto trading volumes fell 32% year-over-year. The company expanded its equity offerings by adding Japanese stocks and launched crypto trading in New York after acquiring a BitLicense. Additionally, eToro completed its acquisition of Zengo, a self-custody crypto wallet provider, to enhance its on-chain infrastructure strategy.