eToro has taken steps to solidify its position in the European market. The company recently announced it obtained the Crypto Asset Service Provider (CASP) registration from the Cyprus Securities and Exchange Commission (CySEC).

Embracing The Future Of Crypto In Europe?

As of September 21, eToro officially revealed their newly obtained CASP registration, signifying a new chapter in their European journey. The firm, known for its preference towards crypto, is preparing to expand its crypto services across the continent.

The CASP registration is no ordinary milestone for eToro. It positions the company to provide regulated crypto services to all European Union countries under a single entity, eToro Europe Digital Assets.

According to the announcement, this move will gain full traction once the EU’s Markets in Crypto-Assets Regulation (MiCA) is operational in December 2024.

Deputy CEO of eToro, Hedva Ber, articulated the company’s stance on this development. Ber stated that eToro is “100% ready to embrace a new era for crypto once MiCA comes into effect next year.”

Underscoring the significance of the European market, Ber highlighted that most eToro users hail from the region, making Europe a pivotal point for their global operations.

Binance’s European Saga: A Different Direction

In the crypto realm, the path for every player is unique. While eToro capitalizes on its new registration to delve deeper into the European market,

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Author: Samuel Edyme

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