eToro Opens Cryptoasset Trading to New York State Residents
Trading and investing platform eToro has launched cryptoasset trading for residents of New York State, completing its digital asset rollout across 48 U.S. states.
The brokerage said on Wednesday that New Yorkers can now trade cryptocurrencies alongside stocks, ETFs and options within eToro’s multi-asset platform, supported by educational tools and a social investing community.
The launch follows years of regulatory talks, including securing both the New York State BitLicense and Money Transmitter Licence, which is among the most stringent regulatory requirements in the United States.
Andrew McCormick, Head of eToro US, said the milestone reflected the firm’s broader ambitions.
“New York is the epicentre of financial markets and a hub of innovation,” he said. “Completing our U.S. footprint here is both a strategic milestone and a reflection of our commitment to broadening responsible access to the next generation of financial markets.”
The expansion opens digital asset access to more than nine million New Yorkers. According to eToro’s Retail Investor Beat survey of 1,000 U.S. retail investors, 36% already hold cryptoassets, with a further 17% planning to increase their exposure, a backdrop the company said underscores growing mainstream demand for digital assets.
eToro framed the New York launch as consistent with its mission to make global markets more accessible. The platform offers a range of cryptoassets for trading in the state, with a full list available on its website.
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