eToro Gains CySEC CASP Registration, Expanding Cross-Border Crypto Services

Leading trading and investment platform, eToro, has received approval for its registration under the CySEC CASP (Crypto Asset Service Provider) Register. This significant milestone will pave the way for eToro to offer regulated crypto services across all EU countries on a cross-border basis through a single entity, eToro (Europe) Digital Assets Ltd. The move aligns with the upcoming Markets in Crypto-Assets Regulation (MiCA), which is expected to take effect in December 2024.

The approval of this registration underscores eToro's readiness to embrace the evolving crypto landscape under MiCA. Dr. Hedva Ber, Deputy CEO at eToro, expressed enthusiasm about the increased certainty and security that MiCA will bring to both consumers and reputable businesses operating in the crypto space.

Dr. Ber emphasized the importance of the European market to eToro, given that the majority of their users are based in this region. The company's commitment to providing European investors with direct access to a diverse range of crypto assets as part of a well-rounded portfolio remains unwavering. With the new CySEC registration, eToro aims to streamline its offerings for European investors post-MiCA, making it more efficient and accessible for those looking to trade with crypto assets.

eToro boasts authorization and supervision from various regulatory authorities across multiple global jurisdictions, including the FCA (UK), ASIC (Australia), CySEC (Cyprus), GFSC (Gibraltar), FinCen, and FINRA (United States). Furthermore, eToro is registered as a digital asset provider with local authorities such as The Bank of Spain and the AMF (France).

eToro is not just a platform for trading; it's a comprehensive multi-asset investing platform designed to empower users to invest, collaborate, and educate themselves. It serves as a collaborative investment community that equips users with the necessary tools to enhance their knowledge and grow their wealth. On eToro, users have the flexibility to hold a diverse range of both traditional and innovative assets and choose their preferred investment approach, whether it's direct trading, portfolio investment, or mimicking the strategies of other successful investors.

One standout feature of eToro is its commitment to education. The platform provides an array of educational resources, tutorials, and articles tailored to both novice and experienced investors. Additionally, eToro offers a virtual portfolio feature that allows users to learn by doing, enabling them to invest without real financial risk by using virtual money.

In conclusion, eToro's successful registration with CySEC CASP marks a significant step in expanding its offerings and accessibility to European investors. With MiCA on the horizon, eToro is poised to play a crucial role in the evolving crypto landscape, providing a secure and regulated platform for investors across the EU.

It is important to note that the registration's effectiveness is contingent upon obtaining the relevant authorization from the competent authority, CySEC.

About eToro

eToro is an investing platform founded in 2007 with the vision of making trading and investing simple and transparent for everyone. With over 32 million registered users from more than 100 countries, eToro believes in the power of shared knowledge and collaborative investing. The platform offers a range of traditional and innovative assets, allowing users to trade directly, invest in portfolios, or follow the strategies of other investors. eToro also provides a wealth of educational resources to help users enhance their investing skills.

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