eToro, the global, multi-asset, investment platform, has now officially launched its platform and cryptoasset wallet in the United States (32 states for now). eToro also informed today that it will be launching its own cryptoassets exchange, eToroX, on a global basis later this year.
Leaprate reminds that the FX broker has joined the Blockchain Association as an executive member just several months ago.
The eToro wallet will support BTC, ETH, LTC, BCH, XRP, and XLM. More cryptoassets will be available soon. Users can log into the wallet with their existing eToro accounts and transfer coins from their trading accounts to hold them securely in their wallets.
Yoni Assia, Co-founder & CEO of eToro, said:
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. When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. 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.
Santo Politi, General Partner at Spark Capital commented:
Since Spark Capital’s initial investment in 2012, we believed that eToro would lead the charge in disrupting the financial services market. We have watched the growth and success of eToro for the past seven years and, through Yoni’s leadership, the organization continues to innovate and thrive amongst the competition. eToro’s launch into the U.S. market marks a significant milestone for the company as it builds a leadership position in the online trading space.
The platform has a CopyTrader feature, which allows users to allocate funds to automatically trade proportionally to the portfolio of another user. Othe feature named CopyPortfolios bundles together assets under one selected trading strategy, curated by eToro’s own analysts. Within the U.S., three cryptoasset CopyPortfolios will be available to traders at launch, and more to be added soon.
eToro U.S. Managing Director Guy Hirsch concluded:
eToro will play a lead role in transforming the financial services industry. We’re doing that successfully on a global scale and we are thrilled to finally be able to bring our offering to the U.S. audience.