Paris, 10 June 2022 – eToro, the social investment network, has announced today that it has registered with the AMF as a Digital Asset Service Provider (DASP). With this registration, eToro (Europe) Limited now offers French users the ability to invest directly in cryptoassets, alongside a broad range of investment products.
This new step demonstrates eToro’s commitment to working hand in hand with regulatory authorities to ensure compliance with rules and regulations and to safeguard retail investors.
Emmanuel Sackmann, eToro’s Regional Manager for France, said: “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 cryptoassets as part of a diversified portfolio of investments. eToro’s goal is to get more people investing and we fully support all regulatory measures that protect retail investors without excluding those who could benefit most, or stifling innovation.”
Founded in 2007, eToro’s goal is to open up global markets so that everyone can trade and invest in a simple and transparent way. It has created an investment platform that is built around social collaboration and investor education and created a community of over 27 million registered users that can connect, share, and learn.
On eToro, users can view other investors’ portfolios and statistics, and interact with them to exchange ideas, discuss strategies and benefit from shared knowledge. eToro acts as a bridge between the old and new worlds of investing. On eToro, users can hold traditional assets such as equities, currencies, ETFs or commodities alongside newer assets like cryptoassets. eToro also offers its users a choice of how to invest, as users can trade directly themselves, invest in a portfolio, or replicate the investment strategy of other investors on eToro’s platform at no extra cost, with a single click.
Sackmann continued, “eToro has witnessed a huge growth in the number of users over the past three years and we fully support greater retail participation. Our goal is to help our users grow their knowledge and their wealth as part of a global community of investors . We urge our users to be cautious, think long-term and diversify, when it comes to investing. We will continue to expand our educational resources to support our investor community.”
eToro offers a variety of investment tools and courses to support both new and experienced users, including a demo account, a Trading Academy, webinars, online or in person courses, news and insights dashboards and analyst market commentary.
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Notes to editors
Customers in France will now be able to invest in over 70 cryptoassets by purchasing the underlying asset or buying as a CFD.
eToro PR team: firstname.lastname@example.org
eToro is a social investment network that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 27 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
Disclaimer for UK
Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
Disclaimer for AU
Cryptoassets are unregulated & highly speculative. No consumer protection. Capital at risk.
Disclaimer for EU
Cryptoassets are highly volatile. Past performance is not an indication of future results.
You should consider whether you can afford to take a high risk that could result in the total or partial loss of your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
For Germany: Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.
For Spain: Investments in cryptoassets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail at this link.
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.