eToro Opens Crypto Trading to New York, Expanding Availability to 48 U.S. States

Social trading platform eToro said New York State residents can now trade cryptocurrencies on its platform alongside stocks, ETFs and options, according to Odaily Planet Daily. With a New York State BitLicense and a money transmission license in hand, eToro's crypto offering is now available in 48 U.S. states, meeting what it described as the country's toughest regulatory requirements. The company said its social-investing features and educational tools will be available to more than 9 million users in New York. Industry data cited by eToro shows 36% of U.S. retail investors hold crypto assets, while 17% plan to increase their exposure. eToro said the rollout is intended to broaden access to digital finance and support its mission of opening global markets. (GlobeNewswire)