Global investment platform, eToro, announced on Thursday the launch of its cryptocurrency trading platform and wallet in the U.S. eToro reported that eth the launch, U.S. customers with diverse levels of expertise may use its platform to collaborate with one another to find cryptoasset trading strategies.
“At eToro, you can share your real track record, portfolio, and trades with the community, allowing users to engage with each other on trading ideas that are executed using real dollars. For those new to crypto trading, the community and educational resources introduce users to this new asset class and the risk profiles involved in it.”
Speaking about the launch, Yoni Assia, Co-founder and CEO of eToro, stated:
“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions. Users can adjust their trading strategies by watching and learning from others on the platform. When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. 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 cryptoassets for wealth building. People create the eToro experience and now Americans will play a major role in shaping our community and future.”
eToro went on to add that its multi-signature wallet provides multi-coin support and a simple user interface, making it easy to send and receive supported coins. At launch, the eToro wallet will support BTC, ETH, LTC, BCH, XRP, and XLM, with more cryptoassets available in the near future.
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.