ChainCatcher reports that the trading platform eToro has officially launched its cryptocurrency trading services in New York, approximately three years after obtaining its BitLicense. Initially, around 20 cryptocurrencies will be available, with plans to gradually expand to additional tokens and introduce features such as staking. In contrast, eToro typically offers over 100 cryptocurrencies for trading in other global markets. eToro received its BitLicense from the New York State Department of Financial Services in February 2023. Since its introduction in 2015, the BitLicense has been strictly regulated, with fewer than 40 institutions approved, and not all licensed companies actively operate. The company stated that regulatory scrutiny has significantly intensified following the FTX incident, leading to extended launch timelines.
eToro Launches Crypto Trading in New York with 20 Assets
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Summary
eToro has launched crypto trading in New York, offering new token listings including approximately 20 assets. The platform secured a BitLicense in February 2023 and plans to expand its offerings and add staking. Regulatory challenges delayed the rollout, particularly following the FTX collapse. eToro’s move brings real-world assets (RWA) into the spotlight as the company aims for broader adoption in the U.S. market.
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