eToro To Expand Into US Crypto Market

eToro, a global investment platform has just announced its plans to expand the firm’s crypto abilities today. The plans, however, are subject to regulatory approvals and will begin with a launch of a digital wallet and an exchange.

The platform also plans to bring a crypto offering in the United States and to the U.S customers themselves under the leadership and management of new U.S managing director Guy Hirsch.

eToro’s CEO and Co-founder of eToro, Yoni Essia has expressed his optimism in digital currency and predicted that the future will be even more digital with more companies digitizing their assets. He explained that, for there to be ease and transparency in the investments of these assets, digitization process is essential.

Crypto Is The First Step

The young CEO who found his company at 25 didn’t hide his excitement in sharing news of the new exchange and wallet. He followed up by saying that an exchange and a wallet were the two most important additions to the company’s crypto offering and he understood their customer’s anticipation of their launch.

The news at the consensus 2018 in New York follows up news made in March that the company had completed series E funding. The company had hoped to raise $100m to accelerate its expansion and the development of Blockchain technology in support for the digitization of its assets.

The platform gives people the arena to invest in assets they want from crypto and even traditional assets.
10 Cryptocurrencies In, More To Come

Currently, the company hubs up to 10 digital currencies including Ethereum, bitcoin, bitcoin cash, XRP, Ethereum classic, NEO, lite coin, stellar, dash, and EOS. The company has, however, not closed doors to other coins. The management admits plans to add more in the coming months.

Moreover, the much-awaited eToro’s Cryptocurrency to Cryptocurrency exchange, which enabled exchange from crypto to crypto will launch later in the year

As for the wallet, plans are in place for a rollout phase with select customers participating in beta testing to ensure that customers get what best suits their needs. The wallet app will then be made available for download in the app and play stores and will hold numerous Cryptocurrencies. It is also confirmed that the app will cater to multiple language diversities besides working on different platforms.

3-Way Access To Crypto Markets

The company has brought together over 10 million investors from 140 countries since 2007. The company also boasts of reputable professionals in its management with Guy Hirsch, former Samsung’s Director of Innovation Strategy tasked with bringing eToro’s crypto offering to the States. Besides his extensive experience in digital transformation, he is also experienced in unified commerce.

In an additional statement, Mr. Guy Hirsch encourages investors into eToro. He assures that eToro is a golden platform for knowledge sharing and ease in transactions.

The platform offers US investors 3 ways of access in crypto markets; by copying trades of expert traders in the platform and benefiting from the knowledge, by manually investing in coins and in CopyFund crypto, which hubs diverse portfolios for major crypto assets

You can join the waiting list ahead of the launch of the US platform later in the year.