eToro is the leading global trading and investing platform. Now, it allows five cryptocurrencies to own directly through its platform. Hence, it helps to bring the technology into mainstream and make simple process of buying cryptos.
Over 1200 instruments including Microsoft, Apple, Facebook, SNAP on the mainstream. The clients will be able to buy the actual asset of Bitcoin, Ethereum, Litecoin, Ripple, Ethereum Classic. Therefore, this arrives the demand for cryptocurrency trading rapidly grown in just 12 months. The global market cap for cryptocurrencies exceeds $160 billion. In last quarter, the business has $1bn of cryptocurrency trades from its clients.
eToro’s wider ambition to simplify cryptocurrency investing and act as an accelerant. Therefore, for the adoption of blockchain technology.
Yani Assia, CEO and co-founder at eToro, commenting on the launch, says,
“Cryptocurrencies have come of age over the last year, but buying and owning the underlying crypto asset is still very difficult. At eToro, we’ve already simplified the worlds of trading and investing, and now we have an opportunity to use our experience and expertise to simplify cryptocurrencies.
“By using our platform, investors benefit from the peace of mind that comes with our long-track record in the cryptocurrency market.”
The benefits of eToro platform fast verification procedures, security processes and established reputation. Therefore, it is supported by a number of leading names within the cryptocurrency industry.
Charlie Lee, Founder of Litecoin says,
“By making Litecoin available on a safe, simple, and secure platform, eToro will help increase the adoption of Litecoin among a wider audience”.
Barry Silbert, CEO and Founder of Digital Currency Group (DCG) says,
“By showing their support for Ethereum Classic, among others, eToro supports our position that digital currency as an asset class has not only arrived, but is here to stay”.
Over million registered members from 140 countries and thousands of new accounts opened each day. It main intention is to revolutionize the process of accessing the financial markets. Hence,it makes the trading experience more simple, social, transparent and enjoyable.
eToro has established as a market leader in ‘social trading’ and recently received recognition at FinovateEurope 2017. It is global social platform, it allows members to community, copy and follow each other harness the success and wisdom of others. Therefore, the community element is making trading transparent and open.