eToro Launches 20 Crypto Assets in New York After Three-Year BitLicense Delay
eToro has enabled trading in about 20 cryptocurrencies for its New York clients, more than three years after receiving a BitLicense in February 2023. This rollout expands U.S. coverage to 48 states while eToro stock, which fell 55% over the past year, eyes staking approval and further token additions.
1. BitLicense Activation and Launch
eToro activated its Virtual Currency Business Activity License received in February 2023 to enable crypto trading for New York clients in April 2026, becoming one of fewer than 40 firms licensed in the state.
2. Initial Asset Offering and Geographic Expansion
The New York launch offers approximately 20 cryptocurrencies, compared with 115 assets available across 74 international markets and 47 other U.S. states, with plans to add more tokens pending regulatory approval.
3. Market Impact and Stock Performance
eToro stock has declined 55% over the past 12 months to trade near $30, reflecting recent U.S. crypto trading volume that fell 36% year-over-year, while upcoming staking features and further token additions may influence future valuation.