eToro has obtained a cryptocurrency license in New York State and is now offering cryptocurrency trading services in 48 states in the United States.

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ME News message, April 1 (UTC+8), according to market sources, social trading platform eToro (Nasdaq ticker: ETOR) announced that residents of New York State can now trade cryptocurrencies on its platform. This rollout follows the company’s successful acquisition of New York State’s BitLicense (a cryptocurrency business license) and a money transmission license; to date, eToro has been providing crypto trading services in the U.S. across 48 states. Andrew McCormick, Head of eToro US, said: “New York is at the core of financial markets and also a hub for innovation. Completing our full rollout across the U.S. is both a strategic milestone and a reflection of our commitment to supporting the responsible mainstreaming of the next generation of financial markets.” Worth noting is that in 2024, eToro reached a settlement with the U.S. Securities and Exchange Commission (SEC), paying a $1.5 million fine, because it operated as an unregistered broker and clearing agent. Since then, the company has removed most of its cryptocurrency assets from the U.S. platform and has recalibrated its compliance strategy. (Source: ChainCatcher)

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