The trading platform eToro has announced expansions plans on its cryptocurrency capabilities. It also undergoes on the regulatory approvals for the exchange and digital wallet.
Ten crypto coin are currently available in eToro: Bitcoin, Ethereum, XRP, BCH, Ethereum Classic, Litecoin, Dash, NEO, Stellar and EOS.
Yoni Assia, the eToro’s co-founder and CEO, said this:
“Crypto is the first step on this journey and we are excited to share our plans to launch an exchange and wallet.”
More crypto coins additions are expecting to be in their platform these coming months. Cryptocurrency to cryptocurrency trading exchange is soon to release later this year.
eToro’s digital wallet app
eToro plans to release the wallet as a phased rollout which has select users to be in the beta testing. The eToro wants to ensure the quality that it can meet the customer’s needs.
Assia mentioned this about eToro’s “crypto offering”:
“An exchange and wallet are important additions to our crypto offering and we know that both have been eagerly anticipated by our customers.”
It allows users to work in multiple crypto platforms and languages. It is soon to be available on both Android and IOS.
Guy Hirsh, former director of Samsung’s Innovation Strategy, is now the appointed US managing director. He is chosen because of his extensive work experience in digital transformation and unified commerce.
eToro reveals that they will offer three ways for the US investors to access its crypto platform: manually invest in digital coins, easily and automatically copy trades from the other traders from its respective platform, or can also use and invest in Crypto CopyFund that allows the various portfolio of the leading crypto merits.
Hirsh stated this:
“eToro empowers investors with a platform that gives them access to the assets they want, shared knowledge and ease of transaction.
We know that there is a strong demand in the US for crypto and we are excited to be able to offer US investors the opportunity to learn about and invest across multiple cryptocurrencies.”
Author: Kella Pacquiao, Philippines