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eToro bringing crypto trading and wallet to the US

eToro, the social investing and trading platform, announced that it will finally be launching its platform in the US. The platform, which already operates in more than 140 countries, will be available in 30 states and two territories with plans to expand elsewhere in the US after receiving the necessary regulatory sign-offs.
The US platform will only support trading for crypto assets at launch, but eToro plans to add additional asset classes within the next 12 months. In eToro’s existing markets, the company’s ten million-plus users are able to trade and hold over 1,500 different asset classes and markets, including stocks, bonds, cryptocurrencies, fiat currencies, commodities and more.
Though eToro even supports more advanced trading strategies – including short-selling and the use of leverage – the platform’s transparency and community engagement features act as great tools for beginners to learn the capital markets and learn how to trade.
eToro is equal parts trading platform, social network and educational resource. Anyone who signs up for eToro can see, comment and copy the trading activity of everyone else on the network, as well as their realized returns and losses to date (though only on a percentage basis to protect sensitive financial information). While learning from the strategies of their peers, users can opt to invest with virtual currency to practice and effectively train before actually risking their own money.
Alternatively, based on a trader’s track record, other users can choose to mimic their portfolio through eToro’s “CopyTrader” feature, which not only proportionally allocates funds to match the trader’s portfolio but can also automatically make any trade the copied investor makes. On top of that, members are also able to share, comment on, engage with or follow specific users, assets, or markets – allowing them to participate in the latest debate and news regarding their particular area of interest.
Despite being limited to crypto at launch, almost all the same features available in eToro’s existing geographical markets will be available in the US. And alongside its trading platform, the company is also launching its digital multi-signature eToro wallet where users can store, send and receive multiple coins across a multitude of cryptocurrencies.
Using their eToro accounts, US users can now transfer cryptocurrencies to and from their trading account and can easily convert between them as well. The wallet initially will support Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Stellar for US users but the company plans to make additional currencies available in the near future.
eToro bringing crypto trading and wallet to the US
eToro users can make transactions, share trading activities, and portfolio performance with the community, allowing users to discuss ideas that are executed using real dollars.
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