eToro has announced an integration with Singpass, allowing users in
Singapore to register and verify their accounts using the national digital
identity system.
In July 2025, eToro
expanded into Singapore after activating its Capital Markets Services licence
from the Monetary Authority of Singapore. The licence allows the company to
offer regulated capital markets services to retail investors in Singapore. This
includes access to stocks listed on more than 20 global exchanges,
exchange-traded funds, and derivatives products.
eToro
Uses Singpass for Verification
The company said the integration is aimed at simplifying onboarding for
new users. Instead of uploading physical identity documents, users can verify
their identity through Singpass, with personal information retrieved directly
with user consent.
Singpass is Singapore’s national digital identity system used for access
to government and private services. It is widely used by residents for secure
online authentication.
Authentication
Unlocks Trading Platform Access
Under the process, users start registration on the platform and select
the option to continue with Singpass. They then authenticate using the Singpass
app or credentials. After authentication, personal details are transferred
securely for account setup.
Once verified, users gain access to trading products on the platform,
including stocks, commodities, currencies and other instruments.
eToro
Reviews Deals, Payments and Banking Expansion Plans
Following these operational updates in Singapore, eToro is also pursuing
broader corporate strategies. Following its public listing last year, it
is exploring multiple acquisition opportunities in the wealth-tech sector,
according to its co-founder and chief executive Yoni Assia.
The company is in discussions with two firms, including one in the United
States, while working with investment bankers on potential transactions. It
confirmed that several deals are under consideration, although details remain
limited as discussions are at an early stage. Assia also said the company is
reviewing options including expansion into payments and possible future
interest in banking licences.
This article was written by Tareq Sikder at www.financemagnates.com.
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