eToro Ready for US Cryptocurrency Market, Initially Offers 10 Cryptocurrencies
A press release yesterday announced that the eToro investment platform will finally be offering cryptocurrencies in the United States.
Over the past decade the eToro investment platform has grown to accommodate over ten million registered users in over 140 countries. The addition of U.S-based investors, worth a sizeable percentage of the global cryptocurrency market, is the next obvious step in order to compete with other major cryptocurrency exchanges based outside the jurisdiction of the SEC.
There is a waiting list though, and initial users will be offered just ten cryptocurrencies, but the company pledges to integrate ‘several more’ cryptocurrencies throughout the rest of the year.
CEO and co-founder of eToro, Yoni Assia, said this of the expansion:
Consumers all over the world should have access to the tools they need to participate in cryptocurrency markets, regardless of their expertise. We’re excited to make our platform available to U.S. users, who have shown a strong enthusiasm for participating in these growing markets. Within the platform, our U.S. users will find rich knowledge and insights into how to effectively trade and invest in cryptocurrencies.”
The initial cryptocurrencies offered will be: Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), Bitcoin Cash (BCH), Stellar Lumens (XLM), NEO (NEO), Ethereum Classic (ETC) and EOS (EOS).
The full eToro platform enables users to copy the trades of other investors, manually invest, and it even provides opportunities for automatically investing in a diversified portfolio.
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