EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is eToro licensed under MiCA in the European Union?
eToro's European entity (eToro (Europe) Ltd) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Cyprus on 16 January 2025.
Verdict: eToro appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | eToro (Europe) Ltd |
|---|---|
| Home Member State | Cyprus |
| National Competent Authority | Cyprus Securities and Exchange Commission (CySEC) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 213800GIFQMSV7HROS23 |
| Authorised services | Custody, Exchange for funds, Order execution, Order R&T, Advice, Portfolio management on crypto-assets |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 18 July 2026.
About eToro
eToro is a multi-asset investment platform that combines social and copy trading with brokerage-style access to stocks, ETFs and crypto-assets in a single app. It is not a bank or a custody-only firm but a multi-asset brokerage and social trading platform, and within that platform it offers a crypto-asset service. eToro states that it supports 150+ cryptocurrencies, so coverage is multi-asset rather than Bitcoin-only. The crypto offering includes spot buying (non-leveraged positions that map to the underlying asset), custody of coins held in the user's name, staking on eligible coins, and transfers to the eToro Crypto Wallet and onward to external wallets, with EUR accounts and SEPA transfers available through its European entity. The research indicates there is no native savings or DCA product and no dedicated crypto-specific card. Source: eToro crypto trading page
According to the research, eToro was founded in 2007, and eToro (Europe) Ltd is registered in Cyprus (registered office at Neocleous Tower, 199 Archbishop Makarios III Avenue, 9th Floor, Limassol 3030, Cyprus) and authorised by CySEC. The crypto-asset service in the EU is contracted through eToro (Europe) Ltd, the group's Cyprus-incorporated entity, which is licensed and supervised by the Cyprus Securities and Exchange Commission (CySEC). This is the legal counterparty for European users of the regulated crypto service, distinct from other eToro group entities that operate in other jurisdictions. Sources: eToro regulation and licence page, eToro press release
On the core licensing question: eToro states that eToro (Europe) Ltd holds a MiCA Crypto-Asset Service Provider (CASP) authorisation granted by CySEC in January 2025, which it describes as enabling regulated crypto-asset services across the European Economic Area under the EU passporting regime. The research does not enumerate the specific MiCA service codes (such as custody, exchange against funds, or execution) that the authorisation lists, so the precise scope should be confirmed against the CySEC public register rather than inferred. What the licence does not extend to are products eToro does not appear to offer in this context, namely a native crypto savings or DCA product and a dedicated crypto payment card; the eToro debit card referenced in the research is a fiat card linked to certain users rather than a MiCA-regulated crypto product. Source: eToro regulation and licence page
Which crypto services is eToro authorised to offer in the EU?
Under its MiCA authorisation issued by Cyprus Securities and Exchange Commission (CySEC), eToro (eToro (Europe) Ltd) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Exchange of crypto-assets for funds
The exchange offers crypto-to-fiat (e.g. BTC to EUR) and fiat-to-crypto conversion. Authorisation here implies MiCA's pricing transparency requirements.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
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Reception and transmission of orders for crypto-assets on behalf of clients
The exchange can receive your order and pass it to another venue for execution. Brokerage-pattern service, often paired with order execution.
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Providing advice on crypto-assets
The exchange can offer personalised investment advice. MiCA's suitability rules apply, similar to MiFID II.
Which services is eToro not authorised to offer?
eToro's MiCA licence does not cover: Trading platform, Exchange for crypto, Placing, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by eToro under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 18 July 2026.
See other MiCA-authorised exchanges by service:
Why is eToro licensed in Cyprus?
CySEC has a long history in fintech and CFD broker regulation; the Cyprus framework appeals to firms targeting retail with marketing-heavy models. Revolut's Digital Assets entity authorised here in October 2025. Source: Cyprus Securities and Exchange Commission (CySEC).
| National Competent Authority | Cyprus Securities and Exchange Commission (CySEC) |
|---|---|
| Investor compensation | Cyprus Investor Compensation Fund up to €20,000. |
| Regulatory context | Long history with CFDs and retail-targeted financial products. |
What does this mean for users of eToro in the EU?
If you transact through eToro's EEA-authorised entity (eToro (Europe) Ltd), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in eToro's terms of service that your contracting entity is eToro (Europe) Ltd, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to eToro?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| NOEMON TECH LTD | Cyprus | 9 services | |
| J2TX Ltd | Cyprus | 8 services |
Related reading
Understand the regulatory context behind eToro's entry on the register:
Frequently asked questions about eToro and MiCA
Is eToro licensed under MiCA?
Yes. eToro appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Cyprus.
Which EU countries can eToro serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on eToro protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in eToro's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to eToro's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Cyprus Securities and Exchange Commission (CySEC)
- ESMA MiCA Register - e Toro (eToro (Europe) Ltd)
- e Toro official website
- eToro regulation and licence page
- eToro crypto trading page
- eToro press release - transfer crypto to eToro
- AMF France whitelist - eToro (Europe) Ltd (Article 65 MiCAR passport)
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