The global trading brokerage eToro arrives at the United States market with a new cryptocurrency trading product. The company will be starting its operations in the U.S. with a waiting list that will be gradually expanded. As usual, eToro’s users will have exclusive access to a demo trading platform.
eToro Launches Crypto Trading Platform in the US
The United States’ subsidiary of eToro will be offering 10 cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash, Bitcoin Cash (BCH), Stellar (XRM), Ethereum Classic (ETC), NEO, and EOS. During the year, the company said that it will be introducing more virtual currencies to its platform.
Yoni Assia, CEO of eToro, said:
“eToro is one of the leading online brokers that combines multiple asset classes. We see tremendous opportunities in the US crypto space. We believe that an expansion into the US is only a natural next step for our company.”
The company has been closely working with different regulations around the world and in the United States. It is important to mention that there is currently a debate about blockchain platforms, cryptocurrencies and tokens and how to regulate them.
“We are looking at all the required regulatory processes in order to operate in the US. Our recent $100 million find raising effort allows us to expand geographically and enabled us to setup eToro in the US as well to launch our crypto exchange and wallet,” explains Mr. Assia. “We have always through that this is a very big endeavour especially for a company that is coming from Europe into the US, but we have the resources and the passion to execute our plans.”
eToro was founded in 2006 and offers a multi-asset investment platform that allows users to buy, hold and sell assets, including ETFs, stocks, and virtual currencies. Moreover, the platform has social trading functionalities that allows new traders to copy and follow what experienced traders do and earn more money.
Its entrance into the US market comes two months after it announced a $100 million funding round to support its global expansion.