In a recent development, eToro, prominent online trading, and investment firm, officially announced the launch of its crypto trading platform and wallet for American investors. eToro is a global platform that allows customers from all over the world to trade 13 crypto assets with multi-asset trading to arrive in Q1 2020.
Established in 2007, eToro has gained immense recognition and acceptance with over 10 million registered users for its social trading platform. The platform allows participants to see, follow and automatically duplicate the actions of other investors they follow on its platform.
With its expansion drive working successfully, eToro has introduced several cryptocurrencies to its platform. Today, eToro allows trading in Bitcoin and 12 other cryptocurrencies in all 32 US states and territories.
At the launch of its services, the customers will be provided with three crypto asset portfolios with a detailed trading strategy to entice US investors of their smart investing technology. These portfolios will be curated by eToro’s team of market analysts. Customers can then copy these investment portfolios and benefit from their investing strategies.
eToro’s wallet allows its users to exchange currencies, and use the returns on their investments with ease. The wallet can comply with many banks and can be operated by an easy to use mobile application. The wallet lets customers send and receive BTC, ETH, LTC, BCH, XRP, and XLM, with more crypto assets to be added in the future.
Yoni Assia, CEO, eToro, says, “For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions. Users can adjust their trading strategies by watching and learning from others on the platform.”
The financial technology firm aims to enable the transfer of trading knowledge between users and increase consumer’s faith in cryptocurrencies as the currency of the future. It also offers an array of self-help educational resources for new users to learn the ins and outs of cryptocurrency exchange. For more than a decade, eToro has been a leader in the global financial technology revolutions and a disruptor in the blockchain industry. The company will be launching its crypto assets exchange, eToroX, on a global basis later this year.