*61% 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.
eToro the world’s leading social network and investment broker has announced that it will be launching its crypto trading platform in the U.S. making it available in 30 states and two territories.
In addition, they will launch a digital multi-signature eToro wallet. The wallet gives users the convenience of storing, sending and receiving multiple coins. Users are also able to easily convert between them as well.
Look: Initially, it will support Bitcoin Litecoin, Bitcoin Cash, Ethereum, and Ripple with U.S. users having access to Ripple and Stellar.
The good news is that they plan to add additional asset classes with additional cryptocurrencies and expand elsewhere in the U.S., after receiving the necessary regulatory sign-offs.
They were the first in the market to offer Ethereum and Ripple on their trading platform.
That’s not all…
Today, eToros 10 million users have over 1,500 different assets to choose from, which includes bonds, stocks, commodities, fiat currencies, 13 cryptocurrencies and more.
eToro USA LLC does not offer CFDs, only real Crypto assets available.
eToro is great for novices because of the platform’s transparency and features that connect users in the community where they can interact with one another. Users are able to learn how to trade and take advantage of more advanced trading strategies, like using leverage and short-selling.
How does their platform work?
eToro’s revolutionary platform enables users to see, copy and comment on trading activity on the network. This makes it easy for traders entering the market to learn the strategies of their peers (whatever trades they capitalize on, so can you).
Through the ‘CopyTrader’ feature you can mimic another trader’s portfolio. You also have available tools where you can put stop limits on and more.
Best of all…
If unsure how the platform works and want to explore it first, you don’t have to invest anything, you can opt to sign up for their free, unlimited demo account which comes with virtual money.
The demo account is a mirror of the real live trading account, so this way you can learn to navigate the platform and come up with strategies before investing your own money.
You will also discover that eToro offers a comprehensive educational centre where you can learn how to effectively use tools, strategies and more.
eToro’s launch strategy is part of the companies firm belief in blockchain technology and the future of tokenization of assets, opening up an immense market opportunity.
In addition to which that U.S. regulatory licensing is more easily attainable for cryptocurrencies than other asset classes.
Envisioning a place where people can trade, invest and share their knowledge in a community, is what Founder and CEO of eToro, Yoni Assia has always aspired to.
But wait, there’s more…
Bottom line?
eToro’s revolutionary technology brings the old world of investing into the new blockchain powered future where you can benefit wealth building in crypto assets.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ
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.
