Trading and investing platform eToro today announces that its EU subsidiary eToro (Europe) Ltd has been granted a permit by the Cyprus Securities Exchange Commission (CySEC,) allowing the company, subject to submitting the relevant notification to all member states, to provide crypto services across the EU under the Markets in Crypto-Assets Regulation (MiCA).
Avi Sela, Chief Operating Officer - Regulation at eToro, said: “As a multi-asset trading and investing platform we appreciate the importance of regulation to protect consumers, support financial stability, facilitate transparency, and build trust. eToro was an early adopter of crypto and we continue to believe that this emerging asset class can have a role to play in a well diversified investment portfolio.
“We welcome the introduction of MiCA and are proud that with the grant by CySEC of our permit we are able to provide cryptoasset services to our users across the EU. We believe that the regulatory clarity and uniform market rules provided by MiCA will foster greater crypto adoption across Europe while ensuring consumers are fully aware of any associated risks.”
eToro has over 38 million registered users across 75 countries, with Europe representing its largest market globally. The platform was an early enabler of crypto investing, adding bitcoin to the platform in 2013. Today, eToro offers over 100 cryptoassets alongside a broad multi-asset offering which spans stocks, ETFs, indices, commodities, currencies and thematic Smart Portfolios.
eToro’s ability to offer multiasset investment services under MiCA and MiFID ensures greater investor protection, enhanced transparency, and regulatory oversight, providing users with a safer and more reliable trading environment within the EU.
eToro recently achieved its annual SOC 2 Type II Compliance Certification, with auditor Grant Thornton awarding eToro the highest possible grade for operational excellence across its crypto asset custody operations.