Global investment platform, eToro, announced on Tuesday it has joined the Blockchain Association as an executive member. eToro reported it will be working alongside prominent organizations in the blockchain ecosystem such as Coinbase, Circle, Digital Currency Group, and Polychain to will help further the Blockchain Association’s goal of building more inclusive, efficient, and distributed financial systems as well as more decentralized web applications.
According to eToro, The Blockchain Association was founded in September 2018 to bolster innovation in the industry and meet the growing demand for accessible, transparent financial and technical systems. It was revealed that the group pursues these goals by encouraging collaboration between the broader community and industry leaders, as well as educating lawmakers and the general public on the benefits of blockchain and related technologies. Speaking about eToro joining the Blockchain Association, Guy Hirsch, USA Managing Director, eToro, stated:
“As a company, we prioritize compliance with the regulations of all the jurisdictions we operate in around the world. As the United States’ blockchain industry evolves and matures, regulators and the industry need to prioritize conversations around ensuring consumers are informed and protected from bad actors. We are looking forward to collaborating with regulators and major industry players on how to provide guardrails without hindering innovation so that blockchain companies can flourish in a compliant manner. The Blockchain Association promotes policies that balance consumer protection and innovation and we’re proud to help drive its mission forward.”
Kristin Smith, Director of External Affairs, Blockchain Association, then noted:
“The power of open blockchain technology lies in the control it returns to individual consumers. eToro’s groundbreaking investment platform operates in that spirit, giving users the opportunity to trade across multiple asset classes, including cryptocurrencies, safely and securely. We’re excited to add eToro to a growing group of leading companies as we push for informed and responsive regulation that spurs innovation and protects consumers in this rapidly-developing industry.”
Joining the Blockchain Association comes just a little over six months after eToro announced it would expand into the U.S. market with a cryptoasset investment platform for U.S. investors, set to launch in Q1 2019. eToro’s trading platform will offer U.S. investors easy access to the crypto markets, providing the opportunity to invest in a growing range of crypto coins, including Bitcoin, Ethereum, Litecoin, XRP, Dash, Bitcoin Cash, Stellar, Ethereum Classic, NEO, EOS, and ADA.