Connect with us

Blogs

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

Published

on

eToro
READ LATER - DOWNLOAD THIS POST AS PDF

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).

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

Published

on

Hodium
READ LATER - DOWNLOAD THIS POST AS PDF

I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

Continue Reading

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

Continue Reading

Elite