Trading Platform eToro to offer Cryptocurrencies as it Extends to U.S
Social trading platform eToro based in Israel extends to the United States. If all goes according to plan, U.S. citizens will be able to trade cryptocurrencies on the company’s platform sometime later this year.
On Tuesday, the European brokerage giant eToro became the latest to announce a push into the American crypto market. eToro plans to offer 10 different cryptocurrencies: Bitcoin, Ethereum, Litecoin, XRP, Dash, Bitcoin Cash, Stellar, Ethereum Classic, NEO, and EOS.
eToro gives traders an easy path which doesn’t require the installation of specific software or wallets. Everything can be done from eToro’s online platform making the whole process far less intimidating for those new to cryptocurrency trading.
According eToro CEO and founder Yoni Assia, who spoke with Bitcoin Magazine, the company is currently in talks with U.S. financial institutions, regulators and regulatory advisors, and has already registered with the Financial Crimes Enforcement Network (FinCEN). The company is opening an office in New Jersey, says Assia.
eToro is unique in that it is a pioneer in the field of social trading, this allows users to follow and copy the trades of more experienced and proven investors. The crypto sphere is affected by what happens on social media, Facebook, Reddit and Twitter feeds can be highly influential to an altcoin’s price and potential. The experience of other traders is invaluable in navigating this embryonic and rapidly changing market and eToro facilitates the sharing of that experience.
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