eToro has opened crypto trading to residents of New York, allowing users to buy and sell digital assets alongside stocks, ETFs, and options on its platform. The move expands the company’s crypto services to 48 U.S. states and follows approval from New York financial regulators.Regulatory Milestone AchievedThe company secured both the New York State BitLicense and Money Transmitter License after years of engagement with state authorities. These are among the most stringent licenses in the country and permit eToro to operate fully within the state’s complex regulatory framework.eToro’s New York launch lands just weeks after CEO Yoni Assia told Finance Magnates the broker is “in a very good position right now to double down on crypto,” anchored by a new non‑custodial crypto wallet that houses prediction markets and sits deliberately outside clients’ core portfolios.“New York is the epicenter of financial markets and a hub of innovation,” said Andrew McCormick, Head of eToro U.S. “Completing our U.S. footprint here reflects our commitment to broadening responsible access to the next generation of financial markets.”Expanding Access to Digital AssetsWith the latest approval, eToro can now offer crypto trading to more than nine million New Yorkers. The platform provides a single interface for multiple asset classes, supported by educational tools and a social investing community.According to eToro’s internal survey, 36% of U.S. retail investors already hold crypto, and another 17% plan to increase their exposure, underscoring rising participation in digital markets. This article was written by Jared Kirui at www.financemagnates.com.

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