Tags: etoro

The popular stock and crypto trading platform has taken a step towards a tokenized future with its latest offering.

After paying a $1.5 million settlement, eToro has 180 days to eliminate assets that are not BTC, BCH, and ETH from its platform.

Yoni Assia told Cointelegraph that products like Bitcoin ETFs align with institutions’ existing modes of operation, making it easier for them to enter the market.

While eToro received Financial Services Permission (FSP) approval for operating as a securities, derivatives, and crypto assets broker, M2 became a fully regulated Multilateral Trading Facility (MTF) and custodian.

Yoni Assia wanted to make trading accessible to “normal” people, and Vitalik Buterin helped him design the platform.

The ASIC believes that almost 20,000 eToro users lost money between October 2021 and June 2023 due to dealing with CFDs.

Today in Crypto: Nifty‘s Shuts Down, eToro‘s Australian Entity Sued by Markets Regulator, Tel Aviv Stock Exchange Signs ‘Ground-breaking‘ Deal with Fireblocks, Aventus Partners with Vodafone

The Australian Securities and Investments Commission alleged eToro users with no understanding of CFD product risks could still buy them on the platform.

Several crypto traders crave attention, openly sharing their trades and promoting themselves for others to see and replicate. However, it‘s critical to be cautious of these traders who only showcase their winning trades. When you examine their profiles, you‘ll notice a complete absence of losing trades.

A tight regulatory environment in the United States coupled with soaring interest rates is forcing crypto companies to rethink their business strategies.

US customers of eToro will have a month-long window to continue trading the crypto-assets in question.

The firm said it remains a “supporter” of the crypto sector and suggested that the move was purely to avoid any potential regulatory non-compliance.

eToro US Customers Will No Longer Be Able To Open New Positions in ALGO, MATIC, MANA and DASH

eToro Remains Committed to Crypto Amid SEC‘s High-Profile Lawsuits

With a credit card, you can buy crypto, including Bitcoin! It‘s a straightforward process that various crypto exchanges have facilitated.

Lule Demmissie, CEO of eToro, says that the new partnership with Twitter creates a symbiosis between social networks and social trading.

Twitter and eToro Partner for Stock and Crypto Trading as Musk Drives Finance Integration

Twitter rolls out new crypto features in partnership with eToro, the global trading platform with over 32 million users.