eToro Adds Crypto Buying, Selling In 31 US States
eToro, which is a social investing platform based in Israel, has recently launched its very own crypto trading platform. Even more so, the latter alongside a wallet service has been made available in the United States.
Trading Cryptos On The Platform
According to the official report, the company announced on Thursday that the aforementioned platform enables customers from the country (total of 31 states and territories) to trade digital currencies. The firm, however, clarified that the trading will only include at least 13 unspecified cryptos. Also, multi-asset trading is expected to be launched in the first quarter next year.
eToro’s very own “social” has the ability to allow users to reproduce bets from other traders. The process, according to the Israeli firm is made possible via its features namely, CopyTrader and CopyPortfolio. The digital currency trading platform is also designed to offer around three CopyPortfolios during the launch, though it did not necessarily share further details about it.
As per the words of co-founder and CEO of eToro named Yoni Assia, users are able to collaborate with other digital currency trades when making either buying or selling decisions – or even both. In addition, they are given the opportunity to adjust their trading strategies accordingly, a process that can be done by watching and learning from others. All of these, according to the executive, are actions very doable on the newly-launched platform.
The company said that any eligible customer is subject to risk analysis and, more importantly, supplemental evaluation. By performing these activities, the firm is confident that it can significantly improve and enhance the platform to further cater customers. By the term eligible, the term defines it as a user who has been successful in establishing a track record. As such, he/she should expect to be either copied or compensated for his/her performance on the platform.
The Multi-Signature Crypto Wallet
This is not the first time that eToro has launched a crypto platform in the U.S. Before, it unveiled a multi-signature cryptocurrency wallet in the country that is able to support at least six digital currencies. These cryptos include Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), and XRP). However, the company promises to include more digital currencies in the near future.
The official report added that existing users are able to log into the wallet directly, allowing them to hold and even transact in digital currencies. Even more so, they can convert with ease between different cryptos with a single click of a button.
Disclaimer
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