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eToro ventures into the United States cryptocurrency market with new exchange platform

Priya

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eToro ventures into the United States Bitcoin [BTC] and other cryptocurrency markets
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eToro, a social trading and multi-asset brokerage company, has launched its crypto-to-crypto exchange platform in the United States, according to a report by thenextweb. The exchange was launched in 32 states and territories in the US, however, the platform is yet to reveal any details on the same.

The exchange will provide services to 13 crypto-assets and information regarding these assets will be announced by the platform later. The platform will also add more cryptocurrency assets in a few months.

It will also launch a multi-signature cryptocurrency wallet for customers. The wallet will provide services in six crypto-assets. They are: Bitcoin [BTC], Litecoin [LTC], Ethereum [ETH], XRP, Bitcoin Cash [BCH], and Stellar [XLM]. According to the platform, buying and selling services for these coins will be enabled immediately.

Yoni Assia, the Founder of eToro, said:

“When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. 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 crypto-assets for wealth building.”

The Founder further stated:

“People create the eToro experience and now Americans will play a major role in shaping our community and future”

The main platform provides trading services in 14 leading cryptocurrencies, including Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], XRP, Dash, Litecoin [LTC], Ethereum Classic [ETC], NEO, EOS, Stellar [XLM], Cardano [ADA], IOTA [MIOTA], Binance Coin [BNB], and ZCash [ZEC].



We spoke to a business owner in Australia, Aaron from My Direct Blinds who was planning to use the exchange once it opens in the US: “Coincidentally we had plans to replicate our window furnishings business in other markets globally such as the United States. With the opening of eToro we will now be able to move funds effortlessly between our AU and US companies without much fees.”

The initial announcement about the expansion of its trading services to the United States was made in May 2018. Apart from this, the platform has already set-up operations in over 140 countries, including the United Kingdom, Germany, and Australia.





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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