EToro platform expands cryptotrading to USA

The investment company plans to build bridges between traditional financial markets and cryptocurrency communities

The social investment platform eToro is launching a new type of full exchange of cryptocurrencies and mobile wallets. The Israel-based company opened a waiting list for people in the United States who want to exchange Bitcoin, Ethereum, Litecoin, XRP, Dash, Bitcoin Cash, Star, Ethereum Classic, NEO and EOS.

Yoni Assia, general manager of the company, said in a press release that “consumers around the world should have access to the tools they need to participate in the cryptocurrency markets, regardless of their experience.”

Previously, the platform offered limited trade. Since last year it started giving “concessions” to its clients and now they plan to launch a real exchange of cryptocurrencies, plus a mobile wallet, sometime in 2018.

eToro has 10 million users from 140 countries, from China and Russia, to Switzerland and the United Kingdom and has raised US $162 million since its launch in 2007, including a recent round in March led by China Minsheng Financial, with the support of the SBI Group, Korea Investment Partners and the private placement platform of the London Stock Exchange Group.

N. Moncada

Source: CoinDesk

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