*76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Leading social investment broker, eToro said in an announcement that they have added 35 new fiat pairs to their multi-asset platform, bringing it to a total of 44 crypto cross pairs.
That’s not all …
The exciting news is, that now investors will have more investment choices and diversification options which will include new pairs in major currencies in four continents and in the six leading cryptocurrencies.
Today, in Europe you will find the Swiss Franc as the most widely crypto cross pairs and the ETH/CHF and BCH/CHF.
Now, with the addition of fiat pairs at eToro, traders can trade the following new fiat pairs: BTCH/CHF, ETH/CHF, ETC/EUR, BCH/CHF, BCH/EUR, BCH/GBP, XRP/CHF, LTC/CHF, XRP/EUR, ETC/GBP, XRP/GBP, LTC/GBP, and LTC/EUR.
Currently, cryptocurrencies in Europe are unregulated by the European Securities and Markets Authority, but this may change soon after leading political figures have called for a clampdown on cryptocurrency trading, bringing regulation which will be welcomed by the crypto market.
For traders in Canada, cryptocurrency trading is enormously popular, they have access to US exchanges and the most popular financial assets, with fiat pairs such as BTC/CAD and ETC/CAD.
On eToro’s platform they have access to new fiat pairs which include: BTC/CAD, ETH/CAD. ETC/CAD, BCH/CAD, LTC/CAD, and XRP/CAD.
Cryptocurrency trading, which is generally well received in Australia and New Zealand in the Asia-Pacific region, known also as Apac, have abundant trading opportunities.
In New Zealand, cryptocurrency trading is regulated and taxed and is treated as any other currency with BTC/NZD and BCH/NZD the most popular.
While Australia does not consider cryptocurrencies a legal form of electronic currency, they overlook regulations and legal requirements with traders able to trade Australian dollar pairs such as ETH/AUD and ETC/AUD.
Japan recognizes Bitcoin and other digital currencies with exchanges legal in Japan and is the world’s biggest market for Bitcoin, with investors being taxed at 15%-55% under miscellaneous income. ETC/JPY and LTC/JPY trading are easily assessable. Now they have more fiat pairs to choose from on eToro’s platform with the addition of ETC/JPY, BCH/JPY, and LTC/JPY.
Bottom Line?
This is the best news for investors, as the addition of 35 new fiat pairs at eToro provides traders with more financial opportunities together with a wealth of benefits in crypto assets.
Traders now have more options and more opportunities!
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
