Social Investment Platform Etoro Launches in 30 US States 1

Social investment and trading platform Etoro has announced the launch of its platform and cryptocurrency wallet in 30 U.S. states and two territories. In America, users will have access to invest in BTC and 12 other cryptocurrencies at launch, with more to be added throughout the year. The Etoro wallet will initially support bitcoin core, bitcoin cash, ethereum, litecoin, ripple and stellar.

Also read: Startup Company Sets Up Bitcoin ATM in Botswana

Trading by Copying Others

The cryptocurrency offering by Israel-based Etoro, which already has 10 million users from more than 140 countries, allows U.S. investors access to crypto markets in three ways. First, by manually investing in a coin, secondly by automatically copying the trades of others on the platform to benefit from their knowledge and investment expertise, and thirdly by investing in its Crypto Copyfund, “which provides a diversified portfolio of major crypto assets.”

Social Investment Platform Etoro Launches in 30 US States

Yoni Assia, chief executive officer of Etoro, stated that users can “collaborate with other crypto traders when making buying and selling decisions [as well as] adjust their trading strategies by watching and learning from others on the platform.” Experienced traders can be copied and rewarded for their performance, but only after sufficient risk analysis and evaluation, Assia explained.

Customers of Etoro outside the United States are currently able to trade in more than 1,500 asset classes and markets including stocks, bonds, cryptocurrencies, fiat currencies, and commodities, Techcrunch reported.

Etoro operates as a trading platform, social network and educational resource, allowing anyone to see, comment and copy from the trade history of others before actually making their own investment. Users are also able to share, engage with or follow particular individuals, assets or markets, allowing them to take part in emerging debates aligned to their areas of interest.

Etoro’s Multisig Crypto Wallet

Within the U.S., the company has also launched its multi-signature digital crypto wallet where users can store, send and receive several cryptocurrencies including BTC, BCH and XRP. Through their Etoro accounts, customers can now transfer crypto to and from their trading account and can also “convert between different coins with a click of a button,” the company revealed. Etoro is planning to add further currencies to its crypto wallet.

Social Investment Platform Etoro Launches in 30 US States

Etoro, which is entering into a market dominated by the likes of Coinbase and Robinhood, said it is not put off by the so-called crypto winter, and is entering the U.S. market with a long-term view. Assia, the company CEO, told Techcrunch:

When I founded Etoro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. Etoro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to crypto assets for wealth building.

Etoro first announced its planned expansion into the cut-throat US. market in May 2018.

What do you think about Etoro’s expansion into the US? Let us know in the comments section below.


Images courtesy of Shutterstock.


Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com

Tags in this story
bitcoin cash, Bitcoin Core, crypto wallet, Cryptocurrency, Ethereum, eToro, litecoin, N-Featured, Ripple, Social investment platform, Stellar, trading platform, US, yoni assia
Social Investment Platform Etoro Launches in 30 US States 2
Jeffrey Gogo

Jeffrey Gogo is an award winning financial journalist based in Harare, Zimbabwe. A former deputy business editor with the Zimbabwe Herald, the country’s biggest daily, Gogo has more than 15 years of wide-ranging experience covering Zimbabwe’s financial markets, economy and company news. He first encountered bitcoin in 2014, and began covering cryptocurrency markets in 2017

Social Investment Platform Etoro Launches in 30 US States 3
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 42,325.00
ethereum
Ethereum (ETH) $ 2,858.76
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 341.81
xrp
XRP (XRP) $ 0.925539
solana
Solana (SOL) $ 131.29
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 29.05
dogecoin
Dogecoin (DOGE) $ 0.205711
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 42,325.00
ethereumEthereum (ETH)
$ 2,858.76
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 508.26
litecoinLitecoin (LTC)
$ 148.58
bitcoinBitcoin (BTC)
36.059,63
ethereumEthereum (ETH)
2.435,58
tetherTether (USDT)
0,851970
bitcoin-cashBitcoin Cash (BCH)
433,02
litecoinLitecoin (LTC)
126,59
bitcoinBitcoin (BTC)
30,883.92
ethereumEthereum (ETH)
2,085.99
tetherTether (USDT)
0.729685
bitcoin-cashBitcoin Cash (BCH)
370.87
litecoinLitecoin (LTC)
108.42

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin42,160 0.27 % 1.40 % 12.65 %
Ethereum2,845.9 0.06 % 3.02 % 16.97 %
Cardano2.240 0.36 % 5.12 % 5.67 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin341.93 0.61 % 4.48 % 16.91 %
XRP0.9214 0.10 % 2.62 % 14.35 %
Solana131.17 0.46 % 7.68 % 22.89 %
USD Coin1.000 0.07 % 0.04 % 0.22 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2058 0.40 % 2.37 % 14.92 %

bitcoin
Bitcoin (BTC) $ 42,325.00
ethereum
Ethereum (ETH) $ 2,858.76
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 341.81
xrp
XRP (XRP) $ 0.925539
solana
Solana (SOL) $ 131.29
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 29.05
dogecoin
Dogecoin (DOGE) $ 0.205711