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eToro cuts crypto costs to support mass adoption

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– Spread on bitcoin cut in half so clients keep more of their gains-

eToro, the global investment platform with over ten million registered users, has announced a significant cut in spreads on cryptoassets as part of its ongoing efforts to increase awareness of the potential of crypto and blockchain more broadly. This move to cut the costs of investing in crypto will help to make it more accessible for retail investors.

With immediate effect, spreads on all cryptoassets on the eToro platform have been trimmed with the spreads on many assets, including bitcoin, cut by more than half. This move means that clients will keep more of their gains.

Yoni Assia, Co-founder and CEO of eToro commented:

“We’re committed to supporting the mass adoption of crypto. We want to make it as simple and accessible as possible for investors to buy, sell or hold crypto. Cutting costs so clients keep more of their gains is one part of this. We are also committed to raising awareness among investors of the potential offered by crypto and the blockchain technology that underpins it. This includes sponsorship, advertising, speaking at events and producing educational material.  Yes, crypto is highly volatile and not appropriate for all investors, but we also believe that for many it can have a role to play as part of a diversified long-term portfolio.”

Efforts to raise awareness of crypto include eToro’s sponsorship of seven Premier League football clubs in a deal paid with bitcoin, sponsorship of German football team Eintracht Frankfurt, and partnering with French tennis player and eToro user Gaelle Monfils.

Yoni Assia said:

“Over and over again we see headlines announcing the end of crypto, yet in reality we continue to see interest in and demand for these assets. The huge price rally at the end of 2017 brought crypto to the attention of the masses and thrust these infant tech companies into the spotlight. Since then prices have stabilised and the crypto industry has had the chance to catch its breath. It has used this opportunity to engage with and educate regulators and participants across traditional finance services as to the opportunities offered by crypto and blockchain more broadly. At eToro, we welcome appropriate regulation for crypto and believe that it will accelerate mass adoption. Crypto is here to stay. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey.”

eToro is a regulated multi-asset investment platform that has been offering investors access to cryptoassets since 2014. The platform now offers 12 cryptoassets (Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano and IOTA) as well as crypto/crypto pairs and crypto/fiat pairs. eToro acts as a bridge between the old world of investing and the new, helping investors navigate and benefit from the transition of assets to the blockchain. eToro is the only place where investors can hold traditional assets such as stocks or commodities alongside ‘new’ assets such as bitcoin.

Notes to editors

A full list of spreads and any other fees are outlined here.

About eToro:

eToro empowers people to invest on their own terms. The platform enables people to invest in the assets they want, from cryptoassets to stocks and commodities. eToro is a global community of more than ten million registered users who share their investment strategies and anyone can follow the approaches of those who have been the most successful.  Users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.

eToro is regulated in Europe by Cyprus Securities and Exchange Commission and regulated in the UK by the Financial Conduct Authority.

www.etoro.com

Cryptoassets are a highly volatile, non-regulated and are not appropriate for all investors. Trading cryptoassets is not supervised by any EU regulatory framework. Your capital is at risk

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Cryptocurrency Exchange Analysis: eToroX Exchange Review June 2019

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eToroX is a crypto exchange that is a subsidiary of eToro social trading platform. eToroX has been granted a distributed ledger technology (DLT) licence from the Gibraltar Financial Services Commission (GFSC). eToroX represents a bridge between the traditional investing and the new digital world.

  1. Supported currencies

eToroX offers 17digital assets: 5 cryptocurrencies and 10 Tokenized Assets. eToroX is in the midst of creating numerous variations of tokenized and digital assets. Seems like eToroX added the most popular cryptocurrencies to the current listings on its platform. The same strategy has also been used by other exchanges, in their early stages. eToroX’s current range of trading pairs and tokenized assets is surprisingly sizable, considering it was only released recently.

  1. eToroX exchange Fees & Limits

Trading fees refer to the actual cost of carrying out a trade (buying/selling) on eToroX exchange. The fees associated with a cryptocurrency exchange play an important role for users in evaluating the cost of trading relative to other exchanges in the market. Exchange fees currently are:

Withdrawal…

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eToro sponsors Moto2 team American Racing KTM

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– Announcement is the latest stage in eToro’s sports sponsorship programme, following landmark deal with 7 Premier League clubs in 2018/19

eToro, the global multi-asset investment platform, today announced its latest sponsorship deal, signing on as a partner with Moto2 team, American Racing KTM. eToro will become an Official Sponsor to the team and its two promising young riders, Iker Lecuona (@ikerlecuona_27) and Joe Roberts (@joerobertsracer) for the rest of the 2019 season.

Moto2 is part of the internationally renowned MotoGP World Championship, with races held in nearly 20 locations across the world each year. Races are attended by around 100,000 spectators each round, with an online fan base of up to 100 million viewers per event. As a team sponsor, eToro will gain further exposure for its brand through an extensive range of marketing opportunities, including bike and team clothing branding, hospitality and digital rights.

Yoni Assia, CEO and Co-founder of eToro, said: “Moto2 is just like us. Fast, exciting and full of young talent on the way up. It’s a great opportunity to contribute to the development of this team, and particularly its two young stars, Iker and Joe. MotoGP has an incredibly passionate, devoted fan base which is part of the reason this partnership appealed to us so much. We’re going to enjoy working with everyone and supporting them across the season.”

Eitan Butbul, Principal Owner…

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Blockchain Leaders Must Collab-orate For Humanity’s Sake – And Provide Real-World Solutions For The Four Billion People In The Developing World

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By Ziv Keinan, Legal Lead, GoodDollar

Given the developing world has a population of around four billion – and counting – there is an enormous opportunity to use blockchain technology for the betterment of humanity. We should embrace this chance to be a force for good, to fight poverty and provide financial inclusion to as many people in the world. However, to achieve meaningful success for the largest possible number of people, tech solutions must solve real-world challenges, be inexpensive for the user, and – most crucially – be deployable at speed and at scale.

This was the hard-hitting conclusion of the Global Solutions Summit, which took place at the United Nations headquarters in New York City on May 13, a day before the United Nations Science and Technology and Innovation Forum (UN STI), on the first day of New York Blockchain Week 2019. I was one of approximately 500 delegates, and welcomed GSS Chairman Alfred Watkins’ straight talking.

The United Nations building in New York

The developing world is going to be the engine of humanity in the coming years, and many young people are ready and willing…

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