Finance News

Story: eToro Launches Crypto Trading in New York After Securing Key Regulatory Licenses

By Steven Anderson

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Trading Surge Despite Crypto Decline. eToro's numbers tell an interesting story about where retail investors are putting their money…

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European Expansion Continues. Meanwhile, eToro's adding 250 UCITS ETFs to its European platform. UCITS funds pulled in €330.

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eToro just cracked New York. The online trading platform grabbed the state's BitLicense and Money Transmitter License, opening crypto trading to over nine million New Yorkers…

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Getting these licenses wasn't easy - New York's crypto rules are among the toughest in America.

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Andrew McCormick runs eToro's U.S. operations and he's pretty excited about the New York breakthrough.

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Assets under administration hit $17.6 billion, up 13% from last year. Funded accounts reached 3.9 million users.

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eToro's internal survey found something pretty revealing about American crypto attitudes. About 36% of U.S.

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But the survey didn't break down which cryptocurrencies people prefer or how much they're actually investing.

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Meanwhile, eToro's adding 250 UCITS ETFs to its European platform. UCITS funds pulled in €330.6 billion during 2025, bringing total assets to €2.57 trillion.

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The timing makes sense - crypto's been volatile lately, so offering traditional investment vehicles gives users more ways to diversify their portfolios.

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eToro's also planning to hit the Singapore Summit on April 1st, looking to connect with Asian brokers and expand into those markets.

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The company launched educational webinars throughout April, trying to teach retail investors about cryptocurrency basics.

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Daily active users jumped 15% last quarter, partly thanks to mobile app improvements that now include real-time market alerts and personalized investment recommendations.

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eToro's Q1 earnings report drops later this month. Analysts want to see how commission income held up during the recent market turbulence, and whether the New York launch will…

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