Social Trading Platform eToro Adds Ethereum

Announcements, FinTech, Investing | March 12, 2017 By:

Social Trading platform eToro has added Ethereum to its offerings.

Social trading sites provide users with a variety of community-based tools for investment and trading decisions. Users can see other users’ portfolios, read their news feeds, and look at their overall performance to gain a better understanding of trading strategy in various finncial instruments.

The eToro site is regulated by both the UK Financial Conduct Authority and the Cyprus Securities Exchange Commission.

Ethereum has been on a massive rally this year. The price of Ethereum is now at about $18 per Ether, adding up to over $1.6 billion market value for the entire blockchain.

“As a regulated financial institution, we have to make sure there is sufficient liquidity and pricing for every asset we add to the platform, and today with a market cap of over $1B US we see more and more interest from our traders worldwide to trade and invest in Ethereum,” said a statement from eToro co-founder and CEO Yoni Assia.