eToro, the social investment network, announced that it has registered with the Italian regulator Organismo Agenti e Mediatori (OAM), becoming the latest investment platform to “join the registry of crypto-asset providers in Italy.”
This demonstrates eToro’s commitment “to working hand in hand with regulatory authorities to ensure compliance with rules and regulations and to safeguard retail investors.”
Emanuela Manor, eToro’s Regional Manager for Italy, said:
“We are very proud to have received this registration from the Organismo Agenti e Mediatori (OAM) which will offer our Italian users an extra layer of peace of mind when investing with eToro. Our 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.”
With this registration, eToro strengthens its presence in the ‘Bel Paese’ at a time “when research indicates that over a third (38%) of Italians have taken advantage of the current crypto winter to increase their allocation to crypto-assets, and 44% have continued to hold their crypto investments.”
Emanuela Manor added:
“eToro has witnessed greater participation by Italian users in crypto markets over the past three years. As of Q2 2022, many Italians hold a diversified portfolio allocating, on average, 23% to cryptoassets. As a result of greater retail participation, we will continue to expand our educational resources to support our investor community, and urge our users to think long-term, diversify and be cautious, when it comes to building their portfolios.”
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 28 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 crypto-assets.”
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.”