eToro Adds Bitcoin Cash Support

Announcements, Now Accepting | November 17, 2017 By:

Social trading network eToro has expanded its cryptocurrency offering with the addition of Bitcoin Cash. The company now offers its clients easy access to the price movement of the cryptocurrency through the BCH/USD pairing.

Bitcoin Cash is a fork of bitcoin that was created in August. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed. After reaching the $1,800 mark last week in the midst of the BTC meltdown, the cryptocurrency is now barely above the $1,000 single coin level.

eToro said the addition of Bitcoin Cash is part of the company’s wider ambition to simplify cryptocurrency investing and act as an accelerant for the adoption of blockchain technology.

eToro co-founder and CEO Yoni Assia said that the popularity and support for Bitcoin Cash has been clear amongst company’s user base, which has been asking for eToro to add Bitcoin Cash to the platform in growing numbers.

“The growth of Bitcoin Cash proves there is space for healthy competition in the battle for the future of currency,” said Assia. “We have long argued that cryptocurrencies represent an important part of our shared future. We believe the growth in cryptocurrencies is only just beginning and that the price growth we are seeing in cryptocurrency assets still does not reflect the future potential of blockchain technology. Cryptocurrencies will be the investment story of the 21st century.”

Back in July, the company expanded the offering of its investment CopyFund products with bitcoin, Dash, ethereum, Ethereum Classic, Litecoin, and XRP. CopyFunds are a new generation of investment products that allow traders to develop and follow investment portfolios on various market strategies.