eToro rolls out crypto trading in New York three years after receiving BitLicense
The Block
Trading platform eToro has officially launched cryptocurrency services for New York clients, over three years after obtaining its state-required BitLicense.Summary
eToro has launched cryptocurrency trading in New York, offering approximately 20 tokens to start with plans for expansion. Although the company received its BitLicense in February 2023, the rollout took longer than expected due to rigorous regulatory scrutiny and the firm's focus on its recent IPO. Head of eToro U.S. Andrew McCormick noted that the company plans to introduce staking services in the future and continues to advocate for federal crypto legislation to replace the current fragmented state-by-state regulatory environment.
(Source：The Block)