eToro Set to Launch its own Crypto Exchange & Mobile Wallet


eToro

eToro – Consensus 2018 has been quite the event so far. Many major companies in the crypto space waited until they hit the stage at the event to announce big upgrades and changes to their platforms.

eToro, the social investing platform, is currently based in Israel and launched back in 2007. It currently has opened up its waiting list for U.S investors that want to trade the 11 cryptocurrencies currently held on its platform.

eToro currently supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), DASH, Bitcoin Cash (BCH), Stellar (XLM), Ethereum Classic (ETC), NEO, and EOS.

Previously, eToro offered very limited crypto trading, but in recent years has seen the company’s crypto business flourish. Currently, 70% of its users now trade some form of digital currency.

What will set eToro apart from the other crypto exchanges on the market is that the top traders will be able to make an income off making their portfolios transparent. If others have access to see what the top traders do on a daily basis, they can mimic their trades to try and make a profit.

>> Circle App Raises $11 Million

Social Component

eToro also provides a very similar social network component to its platform, like Facebook and Twitter. eToro users are able to follow influential crypto or stock traders and can customize the topics in their news feed.

eToro’s U.S. managing director, Guy Hirsch, told Coindesk:

“If the market is bitcoin, then every time there is a mention about bitcoin by some other user you’ll be able to see that in your news feed. You’ll be able to comment on that, share that or like it. Similarly, you can start a conversation about bitcoin, then other people who have bitcoin on their watch list will be able to see your post.”

It remains unknown what the waitlist currently looks like for U.S traders wanting to get on the upcoming platform, but I’m sure news will continue to surface about eToro’s expansion. I expect that thousands of U.S residents will flock to the social trading app, as many current exchanges lack the news feed and social aspect that eToro offers.

Featured Image: BuyRipple

If You Liked This Article Click To Share


Like it? Share with your friends!

854
22146 shares, 854 points

What's Your Reaction?

Fake Fake
0
Fake
Epic Epic
0
Epic
Dislike
0
Dislike
Like Like
0
Like

Comments 0

Your email address will not be published. Required fields are marked *

eToro Set to Launch its own Crypto Exchange & Mobile Wallet

MainStreet Econ

Join the MSE Community

reset password

Back to
MainStreet Econ
Choose A Format
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Video
Youtube, Vimeo or Vine Embeds
Image
Photo or GIF
Gif
GIF format

Send this to a friend