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eToro opens crypto trading to New York residents after multi-year licensing process
Trading and investing platform eToro said on Wednesday that residents of New York State can now trade cryptoassets on its platform alongside stocks, ETFs and options. The launch brings eToro’s crypto offering to 48 US states, data from the company’s state-availability disclosures shows. New York had been a notable holdout, with the state’s virtual currency regime widely regarded as one of the most restrictive in the country. The rollout is handled through a dedicated entity, eToro NY LLC, which holds both a BitLicense and a Money Transmitter License from the New York Department of Financial Services. eToro NY ... (full story)
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