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eToro has obtained a cryptocurrency license in New York State and is now offering cryptocurrency trading services in 48 states in the United States.
ME News message, on April 1 (UTC+8), according to market news, social trading platform eToro (NASDAQ ticker: ETOR) announced that New York State residents can now trade cryptocurrencies on its platform. This launch follows the company’s successful acquisition of the New York State BitLicense (a cryptocurrency business license) and a money transmitter license. With this, eToro has provided cryptocurrency trading services in 48 states in the United States. Andrew McCormick, head of eToro US, said: “New York is the core of financial markets and a hub for innovation. Completing our full rollout across the United States is both a strategic milestone and reflects our commitment to responsibly expanding access to the next generation of financial markets.” Of note is that eToro previously reached a settlement with the U.S. Securities and Exchange Commission (SEC) in 2024, paying a $1.5 million penalty. The reason was that it operated as an unregistered broker and clearing agency. Since then, the company has delisted most of its cryptocurrency assets on the U.S. platform and readjusted its compliance strategy. (Source: ChainCatcher)