eToro Opens Up French Users to Crypto Assets with DASP Registration
- The new asset class joins an existing range of investment products.
- eToro crypto asset recently peaked at 62.

The European subsidiary of eToro, an Israeli multinational social trading and multi-asset investment company, says its users in France can now invest directly in crypto assets.
The trading network said its French users can trade the digital class in addition to an existing range of investment products.
eToro on Friday said its registration as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF), France’s financial industry watchdog, makes this possible.
The development comes two months after the total number of cryptocurrency assets on eToro peaked at 62 after the trading network added four new tokens to its platform.
It added that the registration shows that it is committed to safeguarding retail investors.
Speaking on the move, Emmanuel Sackmann, eToro's Regional Manager for France, said the network’s goal is to get more people to invest.
Sackmann added that the multinational firm supports all regulatory actions that protect retail investors without excluding those who could benefit most or stifle 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,” the Regional Manager said.
Private Funding?
Meanwhile, Finance Magnates reported last month that the Israeli company is on track to raising between $800 million and $1 billion in a private funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Read this Term.
This is even as the network continues its efforts towards becoming a public company.
The funding round will be one of the largest private equity funding rounds for any Israeli tech company if completed successfully.
The funding is predicted to raise the valuation to between $5 billion and $6 billion.
However, eToro declined to confirm the funding or the new valuation.
“We don't comment on market rumours,” an eToro spokesperson told Finance Magnates.
The European subsidiary of eToro, an Israeli multinational social trading and multi-asset investment company, says its users in France can now invest directly in crypto assets.
The trading network said its French users can trade the digital class in addition to an existing range of investment products.
eToro on Friday said its registration as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF), France’s financial industry watchdog, makes this possible.
The development comes two months after the total number of cryptocurrency assets on eToro peaked at 62 after the trading network added four new tokens to its platform.
It added that the registration shows that it is committed to safeguarding retail investors.
Speaking on the move, Emmanuel Sackmann, eToro's Regional Manager for France, said the network’s goal is to get more people to invest.
Sackmann added that the multinational firm supports all regulatory actions that protect retail investors without excluding those who could benefit most or stifle 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,” the Regional Manager said.
Private Funding?
Meanwhile, Finance Magnates reported last month that the Israeli company is on track to raising between $800 million and $1 billion in a private funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business in question. Common factors that analysts use for valuations include market size, risk, management, and historical transparency. Types of Funding RoundsThe seed funding round officially kicks off a startup’s equity fundraising process. Used by startups to finance the beginning stages of its business, some proceeds of seed funding may go towards product development and market research.Common investors include angel investors, friends, family, and venture capital firms.Companies that emerge out of the seed funding round that has gone on to prove its ability to build a consumer base while generating a regularly occurring revenue can participate in Series A Fundraising.Businesses that wish to opt-in to a Series A funding round must also possess a strong business strategy to illustrate how it will continue to manifest into a successful business. Series B Fundraising are available for companies that are seeking to depart the development stage that has valuations between $30 million to $60 million.Companies that go on to make it to Series C funding rounds are considerably successful where the aim is to scale a company as efficiently and quickly as possible. Typical investors include investment banks, private equity firms, and hedge funds. For many investors, monitoring how a startup goes through funding rounds is a tactical strategy for securing high-probability investments. Read this Term.
This is even as the network continues its efforts towards becoming a public company.
The funding round will be one of the largest private equity funding rounds for any Israeli tech company if completed successfully.
The funding is predicted to raise the valuation to between $5 billion and $6 billion.
However, eToro declined to confirm the funding or the new valuation.
“We don't comment on market rumours,” an eToro spokesperson told Finance Magnates.