Global Investment Platform eToro launching in the US: Here's what we know - Baltimore Post-ExaminerBaltimore Post-Examiner

Global Investment Platform eToro launching in the US: Here’s what we know

Leading social cryptocurrency platform eToro have recently announced that they are expanding to the USA with a new exchange and cryptocurrency wallet set to be released in the coming months. The launch of eToro in the US comes as part of CEO Yoni Assia’s announcement at CoinDesk’s Consensus 2018, where details of the upcoming exchange and wallet also featured as part of the keynote. Here, we’ve got everything you need to know about the US launch, the exchange and wallet and just why eToro have decided to expand.

The Expansion

This expansion to the USA was made possible through a Series E funding round that ended earlier this year in March and raised an incredible $100million. This expansion is bringing eToro’s social platforms to the US alongside their new exchange and wallet and is working to globalize the company considerably.

EToro USA will be managed by Guy Hirsch, an ex-Samsung director of innovation, who is not only knowledgeable of the American markets but holds a passion for the company’s global mission. With markets in Asia, the Middle-East and Europe, this expansion to the USA provide eToro and its users with further access to the global potential of cryptocurrencies and their investments.

The Exchange And Wallet

The new exchange and wallet are the first to be released in the US, providing that the new American branch of this company can work around upcoming and current regulations around the states.

The exchange will provide investors and traders with access to a platform with 10 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic, Dash, Stellar, NEO, and EOS. This move opens up the platform and it’s users to crypto-to-crypto trading without the need for currency switches through the use of in-platform tokens and with further cryptocurrencies set to be accepted over its first months, the future is already looking bright for the exchange.

Currently, their new mobile wallet will also accept these cryptocurrencies, with more to be included over the following months but currently, both the exchange and the wallet are set to be released in Beta form first. This will give US traders the opportunity to sign up for a free $100k account to try out the platform before putting real money into their trades when the exchange is released in full later this year.

Why Expand?

This expansion follows eToro’s mission for global expansion and bringing cryptocurrency and the exchange to a global audience. With a current user base of over 10million investors, the potential for this to grow through this expansion is huge. Currently, eToro offer their platform to 140 countries, and this expansion is just another step on their journey.

This launch holds great potential for both eToro as a company and their users. Cryptocurrency popularity is growing, and this expansion is just one indication of the scale that this could reach. Through the globalization of this social trading, users from across the world have been given the opportunity to trade with one another seamlessly.

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