CandleFocus

eToro Secures New York License, Eyes Global Expansion

Crypto social investing firm eToro has obtained a license to offer its services in New York. The firm's CEO, Yoni Assia, expressed excitement about the approval, which will allow eToro's global customers to trade stocks, options, cryptocurrencies, commodities, and indices in New York. Assia also highlighted eToro's concept of social trading and copy trading, which allows users to see and replicate other people's trading activities. He noted that eToro is interested in the development of AI in the fintech space, particularly its ability to analyze companies and their financial reports. eToro currently has 37 million registered users in 75 countries.

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