The Daily Brief
etoro

eToro Platform Now Available In US, Though Limited To Crypto

The platform, long popular throughout Europe and other parts of the world, will allow U.S. customers from 32 states and U.S. territories to trade 13 cryptoassets; the platform will launch its own crypto exchange, eToroX, later this year.

Already popular in many parts of the world the eToro platform is now available (well, part of it) in the U.S. with multi-asset trading to be available in the beginning of 2020, the company announced today. Besides using the platform to trade, investors can interact with, and learn from, other community members.

At launch in the US the eToro wallet will allow trading of 13 cryptoassets and its secure wallet will support BTC, ETH, LTC, BCH, XRP, and XLM, with more cryptoassets available in the months ahead.

The eToro platform has a feature called CopyTrader that allows users to trade proportionally to portfolios of other users. Traders can also use a feature called CopyPortfolios that allows investors to allocate funds into an analyst-curated trading strategy. The feature will start with three portfolios.

"I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way," eToro co-founder and CEO Yoni Assia said in a statement. "eToro also 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. People create the eToro experience and now Americans will play a major role in shaping our community and future."

The platform operates in more than 140 countries and counts more than 10 million registered users, according to the company. After it launches in the U.S., it will be available in 30 states and two territories and supporting 13 crypoassets.

Want The Daily Brief delivered directly to your inbox? Sign up for WealthManagement.com's Morning Memo newsletter.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish