eToro Teams Up for Crypto Custody Solutions in Germany

eToro, the global trading and investment platform, has announced a partnership with Tangany, a Munich-based fintech specializing in crypto custody solutions, to enhance cryptocurrency services in Germany. Tangany, a BaFin-licensed crypto custodian, will extend its white-label expertise to eToro’s German users starting from January 2024. This collaboration is seen as a strategic move to further enhance eToro’s current offerings for German users. Tangany, founded in 2019, has evolved into a leading German provider of crypto custody services, offering white-label solutions for financial service providers. eToro, established in 2007, operates as a multi-asset investment platform regulated across various jurisdictions globally. The company recently received recognition as a Crypto Asset Service Provider from the Cypriot regulatory authority, CySec. In addition, eToro has 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, allowing it to establish a presence in Abu Dhabi and expand its services across the UAE.