The New eToro Cryptocurrency Wallet
On Tuesday, as per Finextra, eToro a social trading platform confirms the rollout of its cryptocurrency wallet. Currently, the new crypto wallet supports four cryptocurrencies. They include
The new eToro wallet is a mobile app which is compatible with iOS and Google Play. It offers multi-signature security allowing the safety of clients’ private keys. This wallet design also provides a user-friendly interface.
Yoni Assia, the CEO at eToro, says at the launch of new crypto wallet that they firmly believe in the nascent technology. This technology can significantly enhance the financial sector. He also states that decentralizing technology has excellent prospects to revolutionize the ongoing finance sector.
We believe that in the future all assets will be tokenized and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenized world. The eToro wallet is a key part of this.
eToro is planning to add more functionality to the new crypto wallet in the coming future. These upcoming features will include
- Support for multiple cryptocurrencies and fiat tokens
- Cryptocurrency to cryptocurrency conversion, etc.
The trading platform eToro is going to launch its digital currency wallet phase by phase. Furthermore, the crypto transfer from eToro to the new wallet will be applicable for Platinum members using Bitcoin. Sometime later, this service will be accessible to the majority of clients and digital coins.
eToro and the Cryptocurrency Industry
While talking about cryptocurrency and blockchain technology, the eToro platform uses a friendly approach. eToro has a positive outlook towards virtual currency despite it’s the industry’s volatile nature. Moreover, they are minimizing their fees for crypto traders to encourage them.
Also, eToro adds Cardano (ADA) in the list of supportive digital currencies. This step has taken the number of listing currencies to the eleven at a time. Additionally, on October 2018, eToro Company counts as the first platform that lists the Binance coin (BNB) on its platform. Moreover, this move of adding the Binance coin lifts the total number of crypto assets to thirteen.