eToro Announces the US Launch

BFSI News

eToro-Announces-the-US-Launch eToro Announces the US LauncheToro, a London, Limassol, and Tel Aviv-based social trading and multi-asset platform, as per a recent press release statement, has gone live in the US.

Speaking on this, eToro CEO Yoni Assia, said that with the platform’s US launch, Americans for the first time will now be able to collaborate with other crypto traders when making buying and selling decisions. Furthermore, the eToro platform will enable users to adjust their trading strategies by allowing them to watch and learn from others on the platform.

Furthermore, the social trading and crypto platform, with its CopyPortfolios offering, a solution enabling investors to own a group of assets, aggregated based on specific market strategies, will initially offer three crypto asset CopyPortfolios, for the US launch.

eToro’s planned US launch in 32 states, will enable customers to trade and invest in six different cryptocurrencies namely: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and Stellar (XLM). Furthermore, the platform will offer additional cryptocurrencies support in the near future, with as many as 13 different digital assets and multi-asset trading to be enabled by Q1 2020.

eToro customers will be allowed to access the wallet from their existing eToro accounts, allowing them to transfer tokens from trading accounts to the wallet with just a click. Additionally, users can also transact i.e. send and receive crypto assets via QR code or by sharing their wallet address.