Cryptocurrency trading platform eToro has revealed plans to start trading in the U.S. eToro will start providing digital currency trading as well as mobile wallet services.
The launch of trading services in the U.S will be a milestone moment for eToro because it highlights its entry into one of the biggest cryptocurrency markets globally. Yoni Assia the co-founder and Chief Executive Officer of eToro revealed that his company plans to start providing its services in the U.S in the second half of 2018.
eToro will initially allow traders to trade 10 cryptocurrencies. They include Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Ethereum (ETH), Dash (DASH), Neo (NEO), Ethereum Classic (ETC), Eos (EOS), Stellar (XLM) and Bitcoin Cash (BCH).
Asia also revealed that the trading platform will mainly target individual investors. eToro currently has more than 10 million users including Asia, Europe, and the Middle East. eToro recently announced that they raised roughly $162 million in capital funding. eToro CEO stated that the platform will remain focused on user-friendliness and simplicity.
eToro announced that they will provide users with a demo cryptocurrency trading portfolio through which they can get acquainted with the platform before the system goes live. Users will also be provided with the option of selecting their portfolio to match those of seasoned investors who trade on the platform.
New users in the U.S will be allowed to invest a minimum of $25 which can be deposited through debit cards. eToro’s offices in the U.S will be based in New Jersey. Crypto traders using the platform will be excited to know that eToro has a cold storage solution. eToro is one of many cryptocurrency trading platforms in the U.S market taking advantage of current laxed regulations.