EToro Plans To Launch Cryptocurrency Trading Services In 31 US States
eToro, the exchange and social network for investors and traders launches its cryptocurrency trading services in the United States, as per the press release shared by the company with Cointelegraph on March 7.
As per the release, the exchange will start facilitating the trade of 13 unspecified crypto assets and will release a cryptocurrency multisignature wallet to its customers in 31 U.S. states and territories.
The said wallet will support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC) and Ripple (XRP). It will further enable users to send and receive supported assets. The release further stated that the firm will release support for more cryptocurrencies to the wallet in the future.
With over 10 million registered users, the platform also has a social media aspect. eToro, especially allows its users to allocate funds to automatically trade proportionally to the portfolio of another user. In addition, eToro also features its own “CopyPortfolios,” which will be curated by the company’s analysts.
During the launch, three such portfolios featuring crypto assets were offered on the platform. eToro also announced the launch of its own cryptocurrency exchange, eTorox, planned to release it later this year. The company also asserts that it believes that all assets will be tokenized in the the future.