According to the company, securing a New York BitLicense and money transmission license lets eToro reopen crypto trading in the state and expand its U.S. crypto coverage to 48 states.
In an official announcement, eToro said it has secured both a New York BitLicense and a money transmission license, allowing the platform to reopen crypto trading for New York residents. The company said the approval extends its U.S. crypto offering to 48 states and gives access to more than 9 million potential users in New York. The move follows eToro’s 2024 settlement with the U.S. Securities and Exchange Commission.