• Coins 2,370
  • Markets 14,166
  • Market Cap 368,448,298,950
  • 24h CMC 46,610,472,150.57
  • 24h Vol 54,062,557,967
  • Dominance BTC 64.93 % | ETH 10.07 % | XRP 5.60 % | 

eToro brings its cryptocurrency exchange to the US

World’s leading social trading and investing platform eToro launched its cryptocurrency-to-cryptocurrency exchange desk in the US after months of anticipation. Currently, the service will permit cryptocurrency trading. eToro aims to add other assets to the platform in the near future. The new exchange will be available in 32 states but the full list is not available yet.

The platform eToro also brings its standalone cryptocurrency wallet which is available for both iOS and Android to the US-based users.

eToro will enable users to allocate funds to automatically trade proportionally to the portfolio of another user. Furthermore, eToro also features the company developed “CopyPortfolios.”

eToro will support trading for 13 different cryptocurrencies- Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), XRP (XRP), Dash (DASH), Litecoin (LTC), Ethereum Classic (ETC), Stellar Lumens (XLM), NEO (NEO), EOS (EOS), IOTA (MIOTA), Cardano (ADA), Zcash (ZEC), and Binance Coin (BNB), though the list is not yet confirmed. The wallet will support six currencies, including BTC, ETH, LTC, BCH, XRP, and XLM. However, eToro promises support for more coins in the near future.

“When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way,” said founder Yoni Assia. “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 crypto-assets for wealth building.”
“People create the eToro experience and now Americans will play a major role in shaping our community and future,”

he added.

In May 2018, eToro first proposed the plans to expand its cryptocurrency exchange operation to the US. The news was announced after the company revealed it had secured $100 million in funding from SBI Group, Korea Investment Partners, and The World-Wide Investment Company Limited.