Trading and investment platform eToro's application for registration under the CySEC CASP (Crypto Asset Service Provider) Register has been approved.

The registration will allow eToro to offer regulated crypto services to all EU countries on a cross-border basis after the EU’s Markets in Crypto-Assets Regulation (MiCA) comes into effect in December 2024.

eToro is authorised and supervised by a number of regulatory authorities in multiple jurisdictions around the world including the FCA in the UK, ASIC in Australia and FinCen and FINRA in the US.

Commenting on the news Dr. Hedva Ber, deputy chief executive at eToro, said: “This registration signals that we are 100 per cent 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.”

Earlier this year, the Bank of Spain approved eToro’s registration as a service provider for the exchange of virtual currency for fiat currency and electronic wallet custody service.

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