eToro saw its GAAP net income fall 74% year over year to $15 million in the third quarter, mainly because of weaker cryptocurrency trading activity. Its net contribution declined 13% from $215 million to $186 million, while funded accounts grew 18% to 4.39 million and assets under administration reached $20.8 billion. Net contribution from capital markets rose 21%, partially offsetting the cryptocurrency slowdown. The board authorized a $250 million share repurchase program as management pointed to a sequential recovery in crypto trading and continued expansion of its services.
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