eToro’s response to the press release issued today by the Securities & Exchange Commission (SEC) announcing a settlement agreement with eToro USA LLC.
Yoni Assia, eToro’s Co-founder and CEO, comments: “This settlement allows us to move forward and focus on providing innovative and relevant products across our diversified US business. US users can continue to trade and invest in stocks, ETFs, options and the three of the largest cryptoassets.
“As a company serving over 38 million registered users from more than 75 countries, the terms of the settlement will have a minimal impact on our global business. Outside of the United States, eToro users will continue to enjoy access to over 100 cryptoassets. As a global, multi-asset trading and investing platform we continue to experience strong growth and remain committed to becoming a public company in the future.
“eToro has been offering regulated securities across the globe since before the invention of crypto. As an early adopter and global pioneer of cryptoassets as well as a significant player in regulated securities, it is important for us to be compliant and to work closely with regulators around the world. We appreciate the importance of regulation to protect consumers. We now have a clear regulatory framework for cryptoassets in our home markets of the UK and Europe and we believe we will see similar in the US in the near future. Once this is in place, we will look to enable trading in the cryptoassets that meet this framework.”