Etoro has expanded its business by introducing new deposit options for European users and ensuring regulatory approval. Customers can now deposit funds using credit cards or bank transfers in eight local currencies.
Etoro (Europe) Ltd has received approval from the Cyprus Securities and Exchange Commission (CYSEC) to operate in the Crypto-Assets Regulation (MICA) market. This framework standardizes cryptocurrency trading rules across the EU. The platform is also compliant with MiFID, which manages the financial markets in the region.
Newly supported currencies include Swedish Krona (SEK), Norwegian Krone (NOK), Danish Krone (DKK), Swiss Franc (CHF), Hungarian Four Inn (HUF), Polish Zroti (PLN), Czech Koruna (CZK), and Romanialeu (Ron). Additionally, Etoro has reduced its Forex (FX) fees starting from 1% to increase flexibility and reduce transaction costs.
