Trading giant eToro is finally set to launch in the United States. The company currently boasts 10 million registered users and is spread around 140 countries worldwide. According to an official press release, the eToro trading platform would initially run in 30 US states and two territories with plans of further expansion. The multi-asset giant also launched its digital eToro wallet which would enable users to send, receive and store their existing coins. The wallet aims at making digital trading feasible for all.
How does it Work?
eToro allows its users to trade and share more than 1500 different assets, bonds, stocks, commodities, and cryptocurrencies. It is a multifunctional trading website where users can not only trade, but also network among other registered users. It also serves as an educational platform for novice traders, providing them the resources to get themselves familiar with the world of trading and cryptocurrency.
The eToro wallet that is due to launch in the US would initially support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar. The company plans on adding additional assets and currencies within the coming year. The eToro wallet functions on a highly secure and uncluttered user interface. With the wallet, users can easily convert different cryptocurrencies with just the click of a button.
eToro’s VisionFounded in 2006, eToro started its venture as a small social investment network. Fast forward 13 years, and today it stands as one of the leading trading platforms available. CEO of eToro, Yoni Assia believes that social trading is an unexplored asset that holds the power to bridge the wide gap between old and new trading. The company also plans on launching their own crypto asset exchange, eToroX sometime later this year.
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