eToro

The interim MiCA register of ESMA lists eToro (Europe) Ltd with an authorization date of 16 January 2025 from the Cyprus Securities and Exchange Commission. eToro announced the permit on 19 February 2025 and said that it can offer crypto services across the EU once it has notified each member state.

The register lists passports for 29 other countries of the European Economic Area, which covers every other EU member state as well as Iceland, Liechtenstein and Norway. The same company also holds the CySEC investment firm license 109/10 under MiFID II for stocks, ETFs and other financial instruments.

The authorization covers custody of crypto-assets for clients, the exchange of crypto-assets for funds, the execution of orders and the reception and transmission of orders. It also includes advice on crypto-assets, portfolio management of crypto-assets and transfer services, which together make seven of the ten services in the MiCA regulation.

Advice and portfolio management appear less often in the register than custody and exchange services. Both services match products of eToro: the managed thematic portfolios and the copy function, in which customers follow the trades of other investors.

Before MiCA, Cyprus kept a national register of crypto-asset service providers, and CySEC approved the registration of an eToro entity in September 2023. MiCA replaced these national regimes, and the MiCA transitional period let registered firms continue while their applications were pending.

eToro achieved a SOC 2 Type II certification for its crypto custody operations, audited by Grant Thornton, which the release of February 2025 mentions next to the permit. Investors who keep coins on the platform rely on that custody, and crypto custody under MiCA requires the provider to keep client assets separate from its own.

Customers buy and sell crypto-assets on eToro next to stocks and ETFs in the same account, and eToro executes these orders for them. The MiCA authorization covers the exchange of crypto-assets for funds and the execution of orders, while the register lists no operation of a trading platform for the company.

eToro (Europe) Ltd is the Cypriot company that serves EU customers under company number HE 200585. CySEC supervises it under MiFID II with license number 109/10 and under MiCA as a crypto-asset service provider, and eToro names Limassol as its registered office.

German customers use eToro under the European passport of the Cypriot company, so eToro needs no separate German license for crypto services. The BaFin receives the notifications, and crypto gains of German customers follow the rules of crypto tax in Germany.

eToro pays staking rewards on selected proof of stake assets that customers hold on the platform, after keeping a share of the rewards. The rewards depend on the rules of each network and change over time, as with every form of crypto staking.

eToro went public in May 2025 and priced its shares at 52 dollars, above the expected range of 46 to 50 dollars. The shares trade on the Nasdaq Global Select Market under the ticker ETOR.