Buying and selling and investing platform eToro has achieved SOC 2 Kind II compliance for its cryptoasset custody providers. The certification follows an unbiased audit assessing the corporate’s safety controls over an prolonged interval.
“Attaining the SOC 2 Kind II compliance certification as soon as once more underscores our dedication to operational excellence in crypto custody,” Hedva Ber, Deputy CEO and COO at eToro stated.
SOC 2 Kind II is a compliance framework developed by the American Institute of CPAs (AICPA). It evaluates a service supplier’s potential to guard delicate information based mostly on 5 belief service standards: safety, availability, processing integrity, confidentiality, and privateness.
Based on the companies, the certification course of entails an in-depth evaluation of a corporation’s methods and operational practices to find out whether or not they meet established safety requirements.
Grant Thornton Audits eToro’s Crypto Custody
The audit was carried out by Grant Thornton, which examined eToro’s controls from July 1, 2023, to August 30, 2024. The agency issued an unqualified opinion, indicating that eToro’s safety measures have been successfully designed and working all through the evaluation interval. This certification affirms that the corporate has maintained the required safety and compliance requirements for its crypto custody operations.
“eToro purchasers entrust us with their funds, and in flip we implement and keep the very best requirements for the methods and processes all through our operations. This certification validates our dedication to safeguarding our prospects’ cryptoassets with strong safety controls and business greatest practices,” Ber added.
