Global investment platform, eToro, announced on Tuesday the launch of its new crypto wallet. This news comes just days after eToro added the Binance Coin (BNB) to its product range.
eToro reported that the eToro wallet is a mobile application available via Google Play and the Apple App Store. The wallet provides an easy to use customer interface and enhanced security. The investment platform noted that at launch, users will be able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in their eToro wallet. The number of supported cryptos will also increase over time just as eToro has increased the number of cryptos available on its platform. While sharing more details about the wallet, Yoni Assia, CEO of eToro stated:
“We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.”
Assia went on to add:
“The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more.”
As previously reported, eToro is regulated in Cyprus Securities and Exchange Commission and in the UK by the Financial Conduct Authority (FCA). The platform enables users to invest in the assets they want, from stocks to cryptocurrency and commodities. More than ten million users have shared their investment strategies on eToro’s platform.