The mainstream social trading platform eToro just launched its fiat-to-crypto platform in 32 US states and territories.
CEO Yoni Assia says many of eToro’s most popular features are available on day one, including CopyTrader, which lets users follow the trading habits of people with proven track records.
“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.”
“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.”
The platform already has 10 million users worldwide, giving people in the UK, Europe, Australia and South Africa the ability to trade stocks, commodities, ETFs and crypto. In the US, eToro is limited to crypto trading only at launch.
So far, eToro’s US platform supports 13 cryptocurrencies, with more on the way.
• Bitcoin Cash
• Ethereum Classic
The company’s multi-signature wallet is also up and running. The platform currently does not support crypto deposits and withdrawals.