eToro Secures “CASP” Crypto Registration Approval in Cyprus

Trading and investment platform eToro is set to offer crypto services in the EU after securing registration approval in Cyprus.

Kraken pulling Etoros characters horn and inking.
Created by Kornelija Poderskytė from DailyCoin
  • eToro has expanded its reach to the EU market.
  • The brokerage firm has been awarded registration approval in Cyprus.
  • The firm will offer crypto services as a diversified portfolio.

The Cyprus Securities and Exchange Commission (CySEC) has approved crypto-friendly trading and investment platform eToro to register as a Crypto Asset Service Provider (CASP) in Europe.

The registration approval positions eToro to offer regulated crypto services across the European Union (EU) once the region’s Markets in Crypto-Assets Regulation (MiCA) establishes a clear regulatory framework in December 2024.

Expanding Services to 27 Countries in Europe

In a press release dated September 21, eToro revealed that the MiCA-approved registration will enable the brokerage firm to offer a range of cross-border crypto asset services as part of a diversified portfolio across the EU from a single entity named eToro (Europe) Digital Assets Ltd.


Under the MiCA regulatory regime, all 27 EU countries shall adopt one authorization system when granting Web3 and digital assets permits to companies, and a service provider may operate throughout the block’s market, subject to obtaining a valid license in only one of the member countries.

eToro’s Deputy CEO, Dr Hedva Ber, lauded the registration approval, noting that the company’s entry into Europe is a big win, given that most of its customers are in the region.

“This registration signals that we are 100% ready to embrace a new era for crypto once MiCA comes into effect next year. As a global company regulated in various markets around the world, we are very much looking forward to the increased certainty and security that MiCA will offer to both consumers and reputable businesses in this space,” Ber said.

Global Dominance Approach

The CASP crypto registration approval in Cyprus follows a similar regulatory milestone for eToro in Spain, where the Bank of Spain approved the company to provide virtual currency for fiat currency exchange and electronic wallet custody services.


Other regulatory bodies that have approved eToro’s operations across various jurisdictions include the U.K.’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Gibraltar Financial Services Commission (GFSC).

Stay updated on how France is preparing for MiCA:
France Prepares for MiCA with Focus on 6 Key Areas

Read more about the registration approval of in the Netherlands: Approved to Register and operate in the Netherlands

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.