Crypto Investment Platform eToro Launches Crypto Trading Platform And Wallet In the US

Announcements, News | March 8, 2019 By:

Global investment platform eToro has officially launched its platform and crypto wallet in the United States.

The US launch, which was first announced in May 2018, will allow US customers to share their real track record, portfolio, and trades with the community. They will be able to leverage the eToro platform to collaborate with one another to find the best cryptoasset trading strategies.

“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions. Users can adjust their trading strategies by watching and learning from others on the platform,” said Yoni Assia, Co-founder & CEO of eToro. “eToro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to cryptoassets for wealth building. People create the eToro experience and now Americans will play a major role in shaping our community and future.”

US customers will be able to use eToro’s CopyTrader feature, which allows users to easily gain exposure to a crypto trading strategy executed by someone who has a proven track record, as well as the CopyPortfolios feature that bundles together assets under one selected trading strategy, curated by eToro’s own analysts.

“Within the US, three cryptoasset CopyPortfolios will be available to traders at launch,” eToro said. “As eToro adds new asset classes to the platform later this year, additional CopyPortfolios will be offered. Any eToro customer with an established track record who meets certain eligibility requirements may be copied and compensated for their performance, subject to risk analysis and supplemental evaluation.”

The company will also release a crypto multi-signature wallet to customers in 31 US states and territories. At launch, the eToro wallet will support BTC, ETH, LTC, BCH, XRP, and XLM, with more cryptoassets available in the near future.

“eToro will play a lead role in transforming the financial services industry,” said eToro US Managing Director Guy Hirsch. “We’re doing that successfully on a global scale and we are thrilled to finally be able to bring our offering to the US audience.”