eToro Expands its Crypto Wallet and Trading Services in 32 US States

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

Crypto Exchanges

eToro Expands its Crypto Wallet and Trading Services in 32 US States

March 8, 2019

etoroSocial 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.”

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