eToro has announced an integration with Singpass, allowing users in Singapore to register and verify their accounts using the national digital identity system.In July 2025, eToro expanded into Singapore after activating its Capital Markets Services licence from the Monetary Authority of Singapore. The licence allows the company to offer regulated capital markets services to retail investors in Singapore. This includes access to stocks listed on more than 20 global exchanges, exchange-traded funds, and derivatives products.eToro Uses Singpass for VerificationThe company said the integration is aimed at simplifying onboarding for new users. Instead of uploading physical identity documents, users can verify their identity through Singpass, with personal information retrieved directly with user consent.Singpass is Singapore’s national digital identity system used for access to government and private services. It is widely used by residents for secure online authentication.Authentication Unlocks Trading Platform AccessUnder the process, users start registration on the platform and select the option to continue with Singpass. They then authenticate using the Singpass app or credentials. After authentication, personal details are transferred securely for account setup.Once verified, users gain access to trading products on the platform, including stocks, commodities, currencies and other instruments.eToro Reviews Deals, Payments and Banking Expansion PlansFollowing these operational updates in Singapore, eToro is also pursuing broader corporate strategies. Following its public listing last year, it is exploring multiple acquisition opportunities in the wealth-tech sector, according to its co-founder and chief executive Yoni Assia. The company is in discussions with two firms, including one in the United States, while working with investment bankers on potential transactions. It confirmed that several deals are under consideration, although details remain limited as discussions are at an early stage. Assia also said the company is reviewing options including expansion into payments and possible future interest in banking licences. This article was written by Tareq Sikder at www.financemagnates.com.

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