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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