eToro has obtained a cryptocurrency license in New York State and is now offering cryptocurrency trading services in 48 states in the United States.

MeNews · 2026-04-01T15:20:41+00:00

Social trading platform eToro announces it has obtained the BitLicense in New York, allowing New York residents to trade cryptocurrencies on its platform. This move marks eToro's full expansion across 48 states in the United States. The executive stated that this is a strategic milestone, demonstrating their commitment to promoting responsible adoption of financial markets.

MeNews

2026-04-01 15:20:41

Abstract generation in progress

ME News update, April 1 (UTC+8), according to market sources, social trading platform eToro (NASDAQ ticker: ETOR) announced that New York State residents can now trade cryptocurrencies on its platform. This rollout follows the company’s successful acquisition of the New York State BitLicense (a cryptocurrency business license) and a money transmission license. With this, eToro has provided cryptocurrency trading services in 48 U.S. states. Andrew McCormick, Head of eToro U.S., said: “New York is the core of financial markets and also the hub of innovation. Completing our full rollout across the United States is both a strategic milestone and a reflection of our commitment to responsibly expanding next-generation financial markets.” Of particular note is that eToro 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 removed most of its cryptocurrency assets on the U.S. platform and has readjusted its compliance strategy. (Source: ChainCatcher)

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