eToro has announced the the Cyprus Securities and Exchange Commission (CySEC) granted its EU subsidiary, eToro (Europe) Ltd, a permit to provide crypto services across all EU member states under the Markets in Crypto-Assets Regulation (MiCA) framework.
The company stated that this authorization allows it to operate within Europe’s unified crypto regulatory environment, subject to submitting the relevant notification to each member state.
“Crypto can have a role to play in a well-diversified investment portfolio”
Avi Sela, Chief Operating Officer – Regulation at eToro, said that eToro supports regulation that ensures consumer protection, financial stability, and market transparency. “As a multi-asset trading and investing platform we appreciate the importance of regulation to protect consumers, support financial stability, facilitate transparency, and build trust. eToro was an early adopter of crypto and we continue to believe that this emerging asset class can have a role to play in a well-diversified investment portfolio.”
Sela welcomes the introduction of MiCA, saying that the company is proud to be among the first firms to receive authorization under the new framework. “We welcome the introduction of MiCA and are proud that with the grant by CySEC of our permit we are able to provide cryptoasset services to our users across the EU. We believe that the regulatory clarity and uniform market rules provided by MiCA will foster greater crypto adoption across Europe while ensuring consumers are fully aware of any associated risks.”
eToro achieved SOC 2 Type II Compliance Certification
eToro states that it has more than 38 million registered users in 75 countries, with Europe as its largest market. The platform entered the crypto space in 2013 with the introduction of Bitcoin trading. Today, the company offers over 100 cryptoassets, alongside stocks, ETFs, indices, commodities, and thematic Smart Portfolios.
The company added that operating under both MiCA and the Markets in Financial Instruments Directive (MiFID) will provide investors with greater protections, increased transparency, and stronger regulatory oversight. eToro claims that these measures will ensure a safer and more reliable trading environment for EU users.
eToro also confirmed that it recently achieved its SOC 2 Type II Compliance Certification, with Grant Thornton awarding the company the highest possible grade for operational excellence in crypto asset custody operations. With MiCA authorization, eToro claims that it has solidified its position as a regulated leader in European crypto investing, ensuring compliance while broadening access to digital assets within a structured, investor-protected framework.
