EToro launches in the US

EToro launches in the US

Online trading and investment firm eToro is launching its platform and crypto-asset wallet in the United States.

Founded in 2007, eToro has built up a community of more than 10 million registered users for its "social" trading platform, enabling participants to see, follow and automatically copy the actions of other investors in real time.

Over the last few years it has added a host of cryptocurrencies to its platform, which is now coming to 32 US states and territories, offering trading in Bitcoin and 12 other options.

Within the US, three crypto-asset CopyPortfolios - bundles of assets under one selected trading strategy, curated by eToro’s own analysts - will be available to traders at launch.

Meanwhile, the eToro wallet will let Americans send and receive BTC, ETH, LTC, BCH, XRP, and XLM, with more crypto-assets added in the future. Users can log into the wallet with their existing eToro accounts and transfer coins from their trading accounts to hold them.

Yoni Assia, CEO, eToro, says: "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."

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