Israel-based social trading giants eToro adds crypto buying and selling in 32 US states
eToro is one of the leading social trading and investment platforms that exist today and they have officially launched a platform for cryptocurrency trading and wallet service in the United States of America.
The newly launched platform will allow Americans across 32 states to be able to trade in 13 cryptocurrencies - the exact cryptocurrencies they will be able to trade in have yet to be specified.
CopyTrader and CopyPortfolios features will allow users to copy other traders' bets with three CopyPortfolios at launch.
eToro has also launched a multi-signature crypto wallet to accompany the platform and it will support 6 cryptocurrencies at the time it is launched. The starting cryptocurrencies will be Bitcoin, Ethereum, Litecoin, Bitcoin Cash, XRP, and Stellar to begin with while other cryptocurrencies will we added in the future.
The users of eToro will be able to hold and transact in cryptocurrencies and seamlessly convert between the different coins available at the quick click of a button.
eToroX is the eToro global exchange which they are planning to launch later in 2019. eToro has big plans in the works which will initiate some change in the crypto community - presumably for the better. eToro has also hinted to a "very exciting announcement" which will take place at a cocktail evening they are organizing to celebrate the America launch.
The CEO of eToro, Yoni Assai, mentioned in an interview that blockchain is going to disrupt the financial services and, particularly, asset management services. Assai also commented on the difficult process involved in moving assets and shares out of banks and around the world. He stated that the entire wealth management will be transformed when assets are tokenized. Tokenized assets would mean the seamless moving and selling of assets across the globe.