eToro launches New York crypto services 3 years after securing BitLicense

Mobile investment app eToro has officially launched its cryptocurrency trading service for customers in New York, three years after obtaining its BitLicense, The Block reported. The BitLicense is a business permit required for crypto operators in New York, known for its strict standards that make it difficult to acquire. eToro will initially list around 20 cryptocurrencies for its New York service, with plans to gradually expand its offerings. The company currently supports trading for 115 cryptocurrencies across 74 countries and 47 U.S. states, and is reportedly in discussions to add staking services in New York.