To
enhance cryptocurrency services, eToro, the global trading and investment
platform, has announced a partnership with Tangany, a Munich-based fintech
specializing in crypto custody solutions. The collaboration aims to provide
secure and transparent crypto asset custody services for eToro users in Germany.
Starting
from the end of January 2024, Tangany, a BaFin-licensed crypto custodian, will
extend its white-label expertise to eToro’s Germany-based clientele. This
collaboration marks a milestone for both companies, leveraging Tangany’s
technological foundations developed entirely in-house at its Munich
headquarters.
Martin Kreitmaier, Managing Director of Tangany, Source: LinkedIn
An
eToro spokesperson expressed enthusiasm about teaming up with Tangany,
emphasizing the fintech’s reputation as a respected and innovative local
player. The collaboration is seen as a strategic move to enhance
eToro’s current offerings for German users.
Martin
Kreitmaier, the Managing Director of Tangany, expressed pride in the partnership: “We are proud that eToro, a truly established global trading and
investment platform, has chosen to partner with Tangany on crypto custody
solutions for its clients in Germany.” He added that Tangany would
collaborate closely with the eToro team to ensure the delivery of a secure and
transparent crypto service to users in Germany.
Tangany,
founded in 2019, has evolved into a leading German provider of crypto custody
services, offering white-label solutions for financial service providers. With
a BaFin license and a focus on technological innovation, the firm believes it is well-positioned to
contribute to the success of the partnership.
Established
in 2007, eToro
operates as a multi-asset investment platform regulated across various
jurisdictions globally. Recently, the company has received recognition as a
Crypto Asset Service Provider from the Cypriot regulatory authority, CySec.
ADGM
Greenlights eToro: Broker Authorization for Securities, Derivatives, and Crypto
Asset
Earlier,
Finance Magnates reported that eToro
secured approval from the Abu Dhabi Global Market (ADGM) to function as a
broker dealing in securities, derivatives, and crypto assets within the United
Arab Emirates.
The
endorsement by the Financial Services Regulatory Authority of ADGM permits
eToro to establish a presence in Abu Dhabi and extend its services across the
UAE. Yoni Assia, eToro’s Founder and CEO, considers this regulatory milestone a
significant…
