Trading Platform eToro Gains New York BitLicense to Provide Crypto Services

Social investing and trading platform eToro secured a license to offer crypto services in the state of New York, the company said Tuesday.

The New York State Department of Financial Services (NYDFS) approved a virtual currency license – known as a BitLicense – for the platform’s eToro NY LLC subsidiary along with a money transmitter license. Together, the two will allow users in the state to access eToro’s “virtual portfolio, integrated social investing tools and be able to trade stocks, crypto and options” once the platform is operational.

Read more: CoinDesk