eToro is one of the world's largest multi-asset trading platforms. The company was one of the first to introduce cryptocurrency CFDs, making this market accessible to a broad range of investors.
eToro is now taking the next step to make cryptocurrency investments even more mass-market by creating a platform for US investors to trade trading strategies and copy those strategies that are consistently profitable. The platform is up to date Available in 32 US states and allows trading with 13 crypto systems, This number is to be further expanded in 2019.
The basic principle is simple: By default, each account shares information about its performance with the eToro community. These include the track record of an investor (expressed as a percentage), the portfolio and the timing of trades.
This information can help platform users make better-informed decisions about their investments, while the CopyTrader feature allows users to assign their trading capital to another user's portfolio.
This benefits not only less experienced investors but also experienced traders whose positions are copied as their fee income is higher, the more followers they have. This approach mobilizes an already-connected community and helps bring crypto assets to a whole new audience.
The US market is immensely large, and although there are active traders in the cryptocurrency sector, they do not have access to features offered by eToro.
The CEO of eToro, Yoni Assia, commented as follows:
"US investors can now work with other cryptocurrency traders to make buy and sell decisions for the first time. By observing and learning from other platform participants, users can tailor their trading strategies. When I founded eToro, I envisioned a community where members can trade and invest and share their knowledge in a simple and transparent way. In addition, eToro builds a bridge between traditional assets and the future based on Blockchain, allowing our users to benefit from the transition to cryptosystems for asset building purposes. The eToro experience comes from the users of the platform, and now US investors can play an important role in shaping our community and future. "
eToro has always been a pioneer in the global FinTech movement. The company firmly believes that the blockchain industry will transform the traditional world financial system from scratch. At some point, all assets will exist in the form of tokens.
In terms of helping users who want to convert their assets into blockchain, the company is positioning itself as the market leader. For this year, eToro plans to launch its own cryptocurrency exchange to ensure simple and secure transactions for users. eToroX is still in beta, but the official launch of this revolutionary platform is scheduled for the near future.
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