eToro adds Crypto assets for trading in France after DASP registration

eToro‘s European subsidiary has announced that its users in France can now directly invest in Crypto assets.

The trading company said its French users can buy and sell the digital asset in addition to the existing set of investment products.

On Friday, eToro announced it had registered as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF), which oversees the French financial industry, making it eligible to trade Crypto assets.

The change comes two months after eToro’s total Crypto assets peaked at 62 after the company added four new tokens to its trading list.

The company explained that the registration shows its willingness to cooperate with regulatory bodies to comply with the rules and regulations.

It also added that the registration demonstrates that the company is committed to protecting retail investor funds.

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eToro’s regional manager for France, Emmanuel Sackmann, commented that the company aims to attract more people to invest.

Sackmann also said that the international corporation supports all regulatory measures aimed at protecting retail traders, while not excluding those who can benefit the most or stifle the development of innovation.

“We are very proud to have received this registration from the Autorité des Marchés Financiers (AMF). France is an important market for us and we are delighted to be able to offer our French users direct access to crypto assets as part of a diversified portfolio of investments,” said the Regional Manager.

At the same time, Finance Magnates reported last month that the Israeli company intends to raise between $800 million and $1 billion in a private financing round.

This is despite the fact that the network continues its efforts to become a public company.

This round will be one of the largest private equity financing rounds for any Israeli tech company if completed successfully.

The funding will reportedly be estimated at around $5 and $6 billion. Although eToro declined to confirm funding or a new estimate.