eToro cryptocurrency trading platform is coming to the USA

Posted: 15 May 2018 9:16 pm

eToro lets users automatically copy experienced and successful traders, and it’s finally coming to the USA.

eToro is a cryptocurrency trading platform with a difference. It has a global community of 10 million users and lets people share their investment strategies. Users can set up their account to automatically copy the strategies of successful (or unsuccessful if they really want) traders. They can also earn extra returns by sharing their own strategies for other users to imitate.

This might be a very useful approach for newcomers who are getting into the unique and fast-paced world of cryptocurrency for the first time.

It’s seen rapid growth around the world, picking up over 10 million registered users in 140 countries since launching in 2007. But until now, it’s been off limits to USA customers.

That’s about to change, as eToro CEO Yoni Assia announced at Consensus 2018.

As of May 15, US customers can visit eToro’s website to join the waiting list and get to know the platform by experiencing the interface and performing mock trades.

After it goes live, US-based users will be able to do the following:

  • Manually buy and sell cryptocurrencies
  • Automatically copy the trades of other users to take advantage of other people’s experience
  • Use the eToro “Crypto CopyFund” to easily pick up a diversified portfolio of major crypto assets

“Consumers all over the world should have access to the tools they need to participate in cryptocurrency markets, regardless of their expertise,” Assia said. “We’re excited to make our platform available to US users, who have shown a strong enthusiasm for participating in these growing markets. Within the platform, our US users will find rich knowledge and insights into how to effectively trade and invest in cryptocurrencies.

“eToro will continue to focus on simplicity and user-friendliness so that more diverse groups will feel welcomed into the global crypto community. US crypto holders have a strong appetite for diversified portfolios, and we’re committed to offering the best tools and assets to help them manage their investments all in one place.”

“We are quickly moving toward a tokenized world, and digital investment platforms need to provide access to the assets investors want, allow the sharing of knowledge, and make transactions easy,” added eToro managing director Guy Hirsch. “eToro is committed to helping our users become better educated about both the risks and rewards that cryptocurrencies present, thereby enabling them to trade and invest responsibly and successfully.”

eToro will initially have 10 coins available for US traders but will be rolling out more throughout 2018.

The following coins are currently available:

  • Bitcoin (BTC)
  • Ether (ETH)
  • Litecoin (LTC)
  • Ripple (XRP)
  • Dash (DASH)
  • Bitcoin Cash (BCH)
  • Stellar (XLM)
  • Ethereum Classic (ETC)
  • NEO (NEO)
  • EOS (EOS)

Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VEN, XLM, BTC and NANO.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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