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 · 2026-04-08T13:19:25+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

2026-04-08 13:19:25

Abstract generation in progress

ME News update, April 1 (UTC+8). According to market news, social trading platform eToro (NASDAQ ticker: ETOR) announced that New York residents can now trade cryptocurrencies on its platform. This rollout was enabled by 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 crypto trading services in 48 U.S. states. Andrew McCormick, head of eToro U.S., said: “New York is the core of financial markets and an innovation hub. Completing our full rollout across the United States is both a strategic milestone and a reflection of our commitment to responsibly expanding the next generation of financial markets.” Of note is that eToro previously 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. After that, the company removed most of its crypto assets on the U.S. platform and re-adjusted its compliance strategy. (Source: ChainCatcher)

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