- Sep 20, 2021
A global multi-asset trading platform that counts more than 10 million registered users, eToro has officially opened its trading floors for U.S clients from 32 states and U.S territories for the first time. With the launch of eToro, U.S. customers can now leverage the platform to collaborate with one another to find the best crypto asset trading strategies in an environment rich with unique educational tools.
eToro allows U.S. investors access to crypto markets in three ways. First, by manually investing in a coin, secondly by automatically copying the trades of others on the platform to get benefit from their knowledge and also through investment expertise, and thirdly by investing in its Crypto Copyfund, which provides a diversified portfolio of major crypto assets.
The platform’s CopyTrader feature enables users to quickly gain knowledge and exposure to a crypto trading strategy executed by someone who already has a proven track record. Also, eToro’s CopyPortfolios features bundles of assets under one selected trading strategy, curated by eToro’s own analysts.
Additional CopyPortfolios will be offered as eToro adds new asset classes to the platform later this year. Any eToro customer with a proven track record who qualifies the required requirements may be copied and compensated for their performance, subject to risk analysis and supplemental evaluation.
The eToro wallet provides multi-coin support and a simple user interface which makes the transaction much more accessible. At inception, the eToro wallet will support BTC, ETH, LTC, BCH, XRP, and XLM, with more crypto assets available shortly. Users can sign into the wallet with their existing eToro accounts and transfer coins to hold them securely and safely in their wallets. The wallet also enables users to convert between different currencies within a click of a button. They can also use the QR code to easily send and receive crypto by sharing their wallet address.
Still, according to eToro’s CEO, their main focus is to act as a bridge between the “old trading,” and assist their users in transitioning to wealth building with crypto assets, and U.S. clients will play a significant role in that.