23 October 2016
Find out more

EToro introduces bitcoin trading

13 January 2014  |  2016 views  |  0 Source: eToro

EToro, the world's largest social investment network, has announced its members can now invest in Bitcoin, a major development in improving access to the digital-only currency.

At the same time, eToro has reached a major landmark. Its users have made more than 100 million investments in foreign currency, shares, indices and commodities through the online social network.

Bitcoin investments can be made via contracts for difference (CFDs). Due to Bitcoin's price volatility, eToro will execute orders four times a day while encouraging its members to consider this a long term investment.

In adding Bitcoin, eToro offers new opportunities to invest based on social principles, the demand for which is clear from the record level of investments made via the network. eToro's success is based on simplicity and complete transparency. Members can share, follow and copy each other's investments so even those without any prior knowledge or experience have the confidence to access the financial markets.

The minimum investment within the eToro network is just $10, meaning that all types of investments - Bitcoin, shares in Apple or the Japanese Yen - are available to the everyday investor.

"Both eToro and Bitcoin were born out of the social revolution," says Yoni Assia, Founder and CEO of eToro. "It's therefore very apt for us to take the lead in making Bitcoin - essentially the world's first crowdsourced currency - available to the masses. Through our social network, individuals can easily and conveniently invest in Bitcoin and take advantage of a new type of investment either with their own strategies or by harnessing the wisdom of our members."

At the end of last year, Tech City UK, a Government backed organisation, announced that eToro had been accepted on to the Future Fifty programme, a scheme that supports high-growth businesses. eToro is authorised and regulated by the Financial Conduct Authority.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Find out more Visit dh.com

Top topics

Most viewed Most shared
The bank of the future will be invisible - KPMGThe bank of the future will be invisible -...
36617 views comments | 127 tweets | 237 linkedin
New EU rules could cost UK firms £122bn in cybersecurity fines - PCI SSCNew EU rules could cost UK firms £122...
10964 views comments | 31 tweets | 37 linkedin
Barclays and Citi test blockchain tech for equity swaps processingBarclays and Citi test blockchain tech for...
8577 views comments | 26 tweets | 19 linkedin
ING takes fintech startup route to UK relaunchING takes fintech startup route to UK rela...
7154 views comments | 29 tweets | 22 linkedin
Indian banks hit by massive ATM breachIndian banks hit by massive ATM breach
6824 views comments | 16 tweets | 25 linkedin

Featured job

Senior Level Salary plus Car Allowance + Benefits...

Find your next job