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eToro will Offer Ripple (XRP), Bitcoin (BTC) and 8 Other Cryptos

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eToro

A crypto trading platform from Tel Aviv, eToro, has recently announced that it plans to open its doors to the investors from the US. The investors now have a chance to join the waiting list and try out the platform via demo account.

eToro opens up towards the US investors

A famous digital currency trading platform called eToro plans to expand its list of investors by allowing the US to join in.

The platform started a waiting list on Tuesday, May 15, and those interested to join in are free to do so. They will receive a demo account that will allow them to try out the platform, and perhaps decide to stay when all of its services are completely available later in the year.

Yoni Assia, Chief Executive Officer and a co-founder of eToro, has stated that the platform will offer 10 currencies – Bitcoin, Ripple, Ethereum, Stellar, Litecoin, Dash, NEO, Bitcoin Cash, EOS, and Ethereum Classic. Each of these can be exchanged for another currency, or alternatively, for the US dollar.

Assia also stated that the platform will mostly be focused on investors as individuals, and that eToro already has over 10 million users in the Middle East, Europe, and Asia. The platform has also managed to raise over $162 million when it comes to capital funding.

He added that eToro plans to focus mostly on user-friendliness and simplicity of the platform so that everyone would feel welcome to join. The plan is to attract as much diversity as possible, and make eToro a truly global trading platform.

What can the platform offer currently?

US investors who decide to join the platform will be able to get access to the crypto market via one of three ways. They can either invest in coins manually, copy the trades of the other investors so that they would benefit from their experience, or via an investment into the Crypto CopyFund. Due to the fact that some coins have a disputed status, it is believed that the US traders might have the biggest issue when it comes to actually owning the coins.

eToro’s USA Managing Director, Guy Hirsch, has stated that the movement towards a tokenized world is gaining more and more speed, and platforms like eToro need to let assets investors. With their experience and knowledge, and the platform’s capabilities, the platform can help others educate themselves about cryptos, but also help create a stable crypto society.

Those wishing to invest will have to meet the set minimum of $25. Investors will be able to use ACH and debit card during the launch, but also at the later date, once eToro finishes the supporting system.

In the US, the trading platform will have a base in New Jersey and will be registered as a money transmitter with the FCEN (Financial Crimes Enforcement Network). Europe’s branch of eToro is already regulated and authorized by Cyprus Securities Exchange Commission. The same goes for the eToro in the UK, which is regulated and authorized by the FCA (Financial Conduct Authority).

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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