eToro coming soon to the U.S. market.

eToro coming soon to the U.S. market.

Exchange and crypto social network eToro has announced that it’s coming to the U.S, according to a press release on March 7th.

The platform will be available in 31 U.S states and territories. After scavenging the internet, I failed to find the states and/ or territory that the exchange will supposedly be operating in. What I did find interesting was that everyone’s numbers were different!. Some blog post said 32 others were 30 states, but the official post says 31. Not sure what’s going on there, fake news?

*Editors note. I wouldn’t expect much for Hawaii and New York (especially New York City) due to existing regulations and roadblocks.

eToro has been an innovator in fin-tech since 2007 and is based out of Cyprus, the UK, and Israel. They currently have over 10 million users and supported in 140 countries. However, they remind me of a 2018 Coinbase, having only 13 coins to buy and sell on their platform. They will be releasing their multisignature wallet to their customers in approved locations.

Some of the major coins that you may expect to be listed are; Bitcoin (of course!), Bitcoin Cash, Ethereum, Litecoin, Stellar, and Ripple, just to name a few. Although the platform has 13 currencies, their wallet only supports the ones I just mentioned. The release does state other currencies will be supported on the wallet in the future.

The unique aspect of this exchange is the social media portion. Yes, other exchanges may have a small chat but with eToro, you are able to connect with individuals on a more personal level. You’re able to share insights and strategies, view each other’s portfolio’s and follow the real-time market trends happening worldwide. The app is perfect for a beginner any day.

So if you’re looking for an exchange that is compliant with US regulations after leaving Coinbase, take a look at eToro if they’re in your area.

 

Happy Trading!

-Annalese Abreu

Comments: 3

  1. Michael Rogers says:

    So are we able to use etoro instead of coinbase right now?

    • Michael Rogers says:

      Sorry

    • admin says:

      Currently, eToro.com works, but the eToroX wallet is not yet available in the US. You can deposit fiat via ACH bank transfer onto eToro.com and use that to purchase Bitcoin, Litecoin, Ethereum, Bitcoin Cash, XRP, Dash, Ethereum Classic, ADA Cardano, and a few others. They should be rolling out eToroX where you can use credit/debit to purchase crypto soon!

Add your comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.