eToro New Services for the US Customers
Global trading platform eToro now allows US customers from 32 states and US territories to trade 13 cryptoassets with multi-asset trading to arrive in Q1 2020.
In a press release shared with ICORating, eToro team announced that the US customers would be able to leverage eToro to collaborate with each other to find the best cryptoasset trading strategies after the platform launch. Currently, the broker’s services are not available in the US due to strict SEC restrictions.
US Exchange to Support 10 Cryptocurrencies
eToro will initially support 10 different assets — Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Stellar, Ethereum Classic, NEO, and EOS, — offering trading and exchange services.
The US expansion started when the company announced a $100 million funding round to support its global expansion and the development of blockchain-based technologies.
‘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. 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 cryptoassets for wealth building. People create the eToro experience and now Americans will play a major role in shaping our community and future.’
– Yoni Assia, Co-founder & CEO of eToro
Currently, users can invest in crypto, but they cannot withdraw funds, as the platform hasn’t rolled out an integrated wallet yet. Instead, eToro keeps clients’ assets in its own cold storage, which implies taking crypto keys offline.