eToro Receives Approval to Offer Crypto Trading in Europe

Read about eToro receiving approval from the European Union to offer crypto trading services. Find out more about the expansion of crypto firms into Europe and the regulatory landscape.

Posted 8 months ago in Blockchain


Image: eToro Receives Approval to Offer Crypto Trading in Europe

eToro has received approval from the European Union to offer crypto trading services, registering as a Crypto Assets Service Provider with the Cyprus Securities and Exchange Commission.

The crypto and stocks trading platform eToro has received a regulatory green light from the European Union (EU) as more crypto firms expand into Europe. Amid the US crackdown, Europe has become a popular destination for crypto firms. Many firms, including eToro, Galaxy Digital, and Ark Invest, have announced expansion into Europe.

According to Finextra, eToro has registered itself as a Crypto Assets Service Provider (CASP) with the Cyprus Securities and Exchange Commission (CySEC). Europe’s Market in Crypto-Assets (MiCA) legislation received unanimous approval from all the bloc countries in May 2023. The legislation will come into force from July 2024, and eToro will be able to offer its services to all EU countries through a single entity.

Dr Hedva Ber, the deputy CEO at eToro, said: “Europe is a hugely important region for eToro, it’s where the majority of our users are based, and we want to continue offering to European investors direct access to a wide range of crypto assets as part of a diversified portfolio.”

Last updated 9/22/2023, 3:14:45 AM

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