eToro has announced a new feature for UK and European users, enabling them to transfer cryptoassets from external platforms to eToro Crypto Wallet.
New Feature for eToro Users
As of March 24, 2025, eToro users can deposit Bitcoin and Ethereum, convert them into GBP or EUR, and use the funds for trading, withdrawals, or spending through eToro and its debit card. Initially, the feature will be available to eToro Club Diamond members in the UK and Europe, followed by a phased rollout to other members.
Regulatory Approval and Expansion Plans
The expansion was made possible by eToro (Europe) Ltd. securing approval from the Cyprus Securities Exchange Commission (CySEC) under the Markets in Crypto-Assets Regulation (MiCA), granted on February 19, 2025. This enables the company to offer crypto services across the EU, subject to notifying all EEA member states.
New MiCA Regulation and Market Impact
eToro and other cryptocurrency exchanges are adapting to the new MiCA regulatory framework, aiming to establish clearer guidelines for the European crypto market. Other companies following MiCA rules include OKX, which received its MiCA license in January 2025, and Crypto.com, which expanded its operations across the EEA. Binance is also adjusting its offerings under the new regulation.
eToro's new feature for European and UK users will strengthen the position of crypto investments and broaden opportunities for using cryptoassets.
