Overview
- eToro, which went live for New York residents on Wednesday, opened crypto trading after NYDFS activated its BitLicense and money‑transmitter permissions.
- The expansion brings eToro’s crypto access to 48 states and gives more than nine million New Yorkers entry to the platform, with Hawaii and Nevada still not supported.
- New York users can trade about 20 approved cryptocurrencies at launch, a tighter list than the 115 plus available in other markets.
- Staking is planned for New York customers pending further regulatory approval, and the company says an updated business plan is in the pipeline.
- The rollout follows a $1.5 million SEC settlement in 2024 and a narrowed U.S. token menu, reflecting a more conservative, compliance‑driven approach.