“Hello USA!” eToro goes live in America
eToro is taking its social trading platform and cryptocurrency wallet to the States, reports David Penn at Finovate.
“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions”
“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions,” eToro CEO Yoni Assia says. “Users can adjust their trading strategies by watching and learning from others on the platform.”
The company offers CopyPortfolios, a solution that enables investors to own a group of assets, aggregated based on specific market strategies. For the US launch, three cryptoasset CopyPortfolios will be available initially.
eToro’s US launch will enable customers in 32 states to trade and invest in six cryptocurrencies: BTC, ETH, LTC, BCH, XRO, and XLM.
Additional cryptocurrencies are expected in the near future, with as many as 13 different digital assets and multi-asset trading enabled by the first quarter of 2020.
eToro customers can access the wallet feature from their existing eToro accounts, and transferring coins from trading accounts to the wallet is just a one-click process. Users can also send and receive cryptoassets via QR code or by sharing their wallet address.
“(eToro) acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to cryptoassets for wealth building,” Assia adds.
With more than ten million registered users, eToro enables traders and investors to leverage the insights of traders in the community to make decisions in the financial markets. The platform supports a range of assets, from stocks and ETFs, to currencies, indicies, and commodities – including cryptocurrencies.
Founded in 2007 and headquartered in Tel Aviv, Israel, eToro has raised $222.7 million in funding. The company includes Spark Capital, Social Leverage, BRM Capital, Cubit Investments, and CommerzVentures GmbH among its investors.
