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Possible eToro, Ripple Partnership in the Works

*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.


Leading social trading eToro, offers traders an advanced investing platform to invest and trade, stocks, currencies, ETFs, commodities, and cryptocurrencies.

Yoni Assia, CEO at eToro said in a video which was taken at the Paris Fintech forum this year, which surfaced online where he stated that he was interested in a potential partnership with Ripple.

What’s the real story?

Yoni Assia is a firm believer in the future potential of blockchain and tokenization and how this technology is going to revolutionize the financial services. He spoke about how this will solve the difficulty of moving assets around the world, allowing assets to move in real time from a company to another.

He expressed a keen interest in Ripple and said that it is important for them to foster relationships with other fintech companies and forming a relationship with Ripple Labs.

That’s not all …

Ripple has been active and has already formed partnerships with Bittrex, Coin.ph., Bitstamp, and Bitso to its growing list of partners.

Binance CEO has also expressed interest in partnering with Ripple’s platform, saying that in the future they will definitely want to add them as a partner and to leverage XRP-Powered xRapid.

Ripple is presently the third-largest cryptocurrency with a market cap of $12.4 billion.

The Bottom Line?

eToro offers traders an innovative combination of online trading and social media and has over 6 million users across the globe.

Traders can choose from over 1000 trading instruments, including commodities, stocks, indices, and currencies they offer all the popular cryptocurrencies:

Such as Bitcoin, Ether (digital currency for the Ethereum blockchain), Litecoin, Bitcoin Cash, Ripple, Dash, Ethereum Classic, Stellar Lumens and NEO.

That’s not all …

Also, there are some great perks like a free demo account with virtual money, competitive spreads, real-time quotes, excellent customer support and lots more.

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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.

 

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