eToro obtains BitLicense  and money transmitter license in New York

Lule Demmissie, CEO of eToro US, said:

Lule Demmissie

The right time to start investing is always now and we are incredibly excited to bring eToro’s unique proposition to the residents of New York State.

eToro believes that the secular trend that has powered the growth of the individual trader and investor will continue. Yes, engagement has fallen from the crazy highs of 2021, but we still see growing participation. The overarching story remains one of individual empowerment with ordinary investors accessing a wide array of instruments including crypto, stocks and options.

Demmissie went on to reaffirm eToro’s commitment to crypto and diversified investing and noted that the firm is working “closely with regulators” in the US, as well as globally to help shape the crypto industry’s future.

Earlier this year, eToro announced launching a new AI-powered portfolio, InvestorAI-US, which provides investors with exposure to 12 high growth US companies.

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