eToro Officially Launches Digital Currency Trading Platform and Wallet in the US

March 8, 2019         By: Michael Millington

Cryptocurrency started off as a bit of a mystery. In today’s world, however, financial institutions are understanding the power that digital currency is commanding. eToro is one such institution. A globally recognized trading platform with millions of active users around the world, eToro has announced that their platform and wallet will be available in the United States within the first quarter of 2020.

Users on the eToro platform will be able to coordinate their digital currency trades with other traders. If it were a classroom and you were a student, it would be similar to sneaking a look at the test of the smartest kid in the room. The main difference is this time it’s encouraged, as new traders can mirror the practices of existing platform users with proven successes. It’s known as the CopyTrader option and it’s a unique way to help newer traders in the early going.

Yoni Assia, Co-founder & CEO of eToro, said: “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. ”

The wallet eToro provides is a secure method for sending and receiving cryptocurrency. The main cryptocurrencies that will be available at launch are pretty standard (Bitcoin, Etherium, etc…) with more forms being added afterwards. The wallet allows you to hold multiple types of cryptocurrency at the same time.

eToro has been a major player in the digital currency landscape for over the past ten years. With this latest move, the cryptocurrency world is put on notice with the idea that blockchain will grow to become a huge financial institution.