Social trading and multi-asset brokerage company, eToro has expanded its crypto trading and wallet services to 32 U.S. states now. The company has also informed that it will be launching its own crypto asset exchange eToroX, on a global basis later this year.
The platform which was operational in about 140 countries, will now be operational in 30 US states and 22 territories with plans to expand in remaining states after receiving the necessary approvals. For now, the platform will only support trading for the crypto asset at launch in the US, and it will add additional asset classes in the next 12 months.
eToro’s platform support more advanced features like short selling, use of leverage and more advanced features. Despite limited launch in the US, all the features have been made available in the US. Its wallet service will include BTC, ETH, LTC, BCH, XRP, XLM. Existing users can log in to the platform and can transfer their coins into their wallet from their trading accounts to hold them securely in their wallets.
Yoni Assia, Co-founder & CEO of eToro, said:
“For the first time, Americans can collaborate with other crypto traders when making buying and selling decisions. Users can adjust their trading strategies by watching and learning from others on the platform. When I founded eToro, I envisioned a community where people could trade, invest and share their knowledge in a simple and transparent way. eToro also acts as a bridge between the old world of investing and a blockchain-powered future, helping our users navigate and benefit from the transition to cryptoassets for wealth building. People create the eToro experience, and now Americans will play a major role in shaping our community and future.”
eToro U.S. Managing Director Guy Hirsch also added:
“eToro will play a lead role in transforming the financial services industry. We’re doing that successfully on a global scale, and we are thrilled to finally be able to bring our offering to the U.S. audience.”