In the US, social trading platform Etoro is growing, whereby Pre-registration has begun already. For starters, 10 virtual currencies will be provided, however, the firm is prepared to include more digital assets during the course of the year. Moreover, with 70 percent of its users reportedly trading cryptocurrencies, the company’s crypto business has boomed in recent years.
In the US, Etoro Launches
Etoro, which is a social investment platform has declared that it is growing into the US industry. On Tuesday, at the Consensus conference, CEO Yoni Assia reveal the company’s plan. The announcement details as reported by NewsBitcoin.com that “The 10 cryptocurrencies that will be initially available are bitcoin, ethereum, litecoin, XRP, dash, bitcoin cash, stellar, ethereum classic, NEO, and EOS. Etoro intends to integrate several more cryptocurrencies throughout 2018.”
Etoro which was launched back in 2007 is regulated in the UK by the Financial Conduct Authority and in Europe by the Cyprus Securities and Exchange Commission. The firm claims to have over 10 million registered users located in 140 countries across Asia, Austrailia, and Europe, with a total capital funding of over $162 million. Its websites display 247,387,974 open trades on the platform, currently.
“etoro will continue to focus on simplicity and user-friendliness so that more diverse groups will feel welcomed into the global crypto community”, Assia made mention of.
US Users begins Pre-Registration
Starting on May 15, US users can be admitted to the waiting list for the platform, the firm detailed. Its announcement details “…” as well as including “..”. Etoro explained that the platform will provide three approaches to link the crypto market. The first option is “by manually investing in a coin”, according to NewsBItcoin.com. The second is “by automatically copying the trades of other traders on the platform to benefit from their knowledge and investment expertise”, according to NewsBitcoin.com. The third option is “by investing in a crypto copyfund which provides a diversified portfolio of major crypto assets.”
Etoro’s investment product targeted at assisting investors in reducing long-term risk is known as Copyfund, according to the website. Your capital is professionally managed by EToro’s investment committee, once you invest in a copyfund. Moreover, every Copyfund’s performance is assessed in detail and automatically rebalance to potentially maximize its gain, as reported by NewsBitcoin.com.
Etoro’s spiking Crypto Business
The platform added cryptocurrencies, in January last year. As indicated by Fortune ‘”
Assia also predicted that Etoro’s “unusual social media features would help it gain a foothold” In the US, in an interview with the news outlet and reported by NewsBitcoin.com. He further stated that “Those features let users create a public profile of their investments, which in turn allows others on Etoro to track and copy their trading decisions,” according to NewsBitcoin.com.