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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
Source: Unsplash

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].

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.

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