eToro to provide crypto trading services in the USA

Posted 17 May, 2018

eToro platform intends to put on stream a crypto trading platform and wallet. Moreover, the platform enters the US market and starts providing services to American citizens.

People living in the USA, who want to trade cryptos, can now sing in the waiting list of the company. "Consumers all over the world should have access to the tools they need to participate in cryptocurrency markets, regardless of their expertise," CEO Yoni Assia said in a press release. 

The platform's trading options were very limited earlier. Specifically, CFDs contracts were launched in 2014, which enabled users to bet on bitcoin price trend.

In 2017 the company upgraded the platform adding trading of different altcoins, in particular, XRP, Ethereum, and Litecoin. However, users could neither deposit nor withdraw cryptos.

The situation is expected to change dramatically after exchange and wallet start operating on the platform. In addition, institutional investors can also become able to use OTC services, as CoinDesk reported.

For reference, eToro appeared back in 2007 and its team required small time to see the potential and perspectives of the crypto segment. From platform's inception, overall attracted investments amounted to $162 million, including $100 million for blockchain-solutions development. 

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