Thursday 21st September – eToro, the trading and investing platform, has today announced that its application for registration under the CySEC CASP (Crypto Asset Service Provider) Register has been approved.
The registration will enable eToro to offer regulated crypto services to all EU countries on a cross-border basis from one single entity, eToro (Europe) Digital Assets Ltd, once the EU’s Markets in Crypto-Assets Regulation (MiCA) comes into effect in December 2024 as expected.*
Dr Hedva Ber, Deputy CEO at eToro, said: “This registration signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year. As a global company regulated in various markets around the world, we are very much looking forward to the increased certainty and security that MiCA will offer to both consumers and reputable businesses in this space.
“Europe is a hugely important region for eToro, it’s where the majority of our users are based and we want to continue offering European investors direct access to a wide range of crypto assets as part of a diversified portfolio. This new CySEC registration will make it much easier for us to achieve this in a post-MiCA Europe, allowing us to create a more streamlined and efficient offering for European investors who want to trade with crypto assets.”
eToro is authorised and supervised by a number of regulatory authorities in multiple jurisdictions around the world including the FCA (UK), ASIC (Australia), CySeC (Cyprus), GFSC (Gibraltar), FinCen and FINRA (United States). eToro is also registered as a digital asset provider with various local authorities including The Bank of Spain and the AMF (France).
eToro is the multi-asset investing platform that empowers users to invest, share and learn. It is a collaborative investment community designed to provide users with the tools they need to grow their knowledge and wealth. On eToro, users can hold a range of traditional and innovative assets and choose how they invest: trade directly, invest in a portfolio, or copy other investors. eToro offers a vast array of educational tools, tutorials and articles tailored to both novice and experienced investors, plus a virtual portfolio so users can learn by doing – investing with no risk using virtual money.
**ENDS**
*Notes to editors
Media contacts
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Notes to editors
Where we state: The registration will enable eToro to offer regulated crypto services to all EU countries on a cross-border basis from one single entity, eToro (Europe) Digital Assets Ltd, once the EU’s Markets in Crypto-Assets Regulation (MiCA) comes into effect in December 2024 as expected, we would also need the following to happen: the relevant authorisation is obtained by the competent authority, CySEC.
About eToro
eToro is the investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 32 million registered users from more than 100 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
DISCLAIMER
eToro (Europe) Ltd is regulated in Cyprus by the Cyprus Securities and Exchange Commission, under Licence No. 109/10. eToro (UK) Ltd authorised and regulated by the Financial Conduct Authority in the UK under the Licence FRN 583263. eToro AUS Capital Limited by the Australian Securities and Investments Commission in Australia License 491139. eToro (Seychelles) Ltd licensed by the Financial Services Authority in the Seychelles to provide broker-dealer services under the Securities Act 2007 Licence #SD076.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Investments in crypto-assets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail at this link.