eToro, a global trading and investing platform, has announced that its European subsidiary, eToro (Europe) Ltd, has been granted a permit by the Cyprus Securities Exchange Commission (CySEC).
This approval enables eToro to offer cryptocurrency services across the European Union under the Markets in Crypto-Assets Regulation (MiCA), once the relevant notification is submitted to all EU member states.
This new permit allows eToro to operate within the legal framework of MiCA, which regulates the crypto market and provides a clear set of rules for trading cryptocurrencies. It also ensures the platform’s compliance with MiFID, the EU’s directive governing financial markets. These regulations aim to enhance investor protection, provide greater transparency, and increase regulatory oversight.
Platform Offers Crypto, Stocks, and ETFs
The company, which has over 38 million registered users in 75 countries, identifies Europe as its largest market. eToro has been an early player in the cryptocurrency space, adding Bitcoin to its platform in 2013. Today, the platform offers more than 100 cryptoassets, alongside a wide range of multi-asset investment products, including stocks, exchange-traded funds (ETFs), indices, commodities, currencies, and thematic Smart Portfolios.
