eToro Receives EU Approval for Crypto in Germany, Custody Stays with Tangany

eToro, a multi-asset trading platform, has secured the necessary regulatory clearance to offer cryptocurrency services in Germany. This achievement marks a significant milestone in eToro’s pursuit to expand its presence within the European market. With this approval, eToro’s German clients can now access and trade a wide array of digital assets within a secure and compliant regulatory framework. Notably, the custody of the cryptocurrency assets will remain with Tangany, a licensed and regulated digital asset custody solution provider. This approach ensures a clear separation between trading and custody services, providing an added layer of security and protection for users. This move reflects eToro’s commitment to regulatory compliance and fostering a safe and reliable trading environment for its customers worldwide. The approval aligns with eToro’s aim to become a leading platform for cryptocurrency trading in Europe. It is anticipated that this authorization will allow eToro to attract more German users interested in investing in cryptocurrencies. eToro continues to actively work on expanding its offerings and services in various jurisdictions, focusing on regulatory compliance and meeting the needs of its clients.