eToro announces cryptocurrency trading desk initiative

Social trading platform, eToro, is set to launch a new over-the-counter (OTC) cryptocurrency trading desk.

“We’ve actually set up our corporate team here in the UK to start setting up accounts to trade on eToro. We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions,” says eToro CEO Yoni Assia.

“I think there is growing institutional demand and interest of public investors to understand whether they can join the party. We see more and more public market players and big banks who are interested in this space and feel left out because they’re not allowed to invest in crypto or ICOs,” he adds.

The venture launched a service dubbed “CopyFund” in June 2017. The fund is a pool that customers can buy into to try and profit from the volatility of Bitcoin and Ethereum.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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