Categories: Exchanges

eToro announces cryptocurrency trading desk initiative

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“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.

Olivier Acuña

Olivier has been writing for over 30 years. He has been based in six countries working for major news outlets including the Guardian, UPI & AP. He has covered massive earthquakes, presidential elections, immigration, and taken photos standing in the middle of shootouts between drug cartels, gone undercover to investigate organised crime, interviewed presidents, former presidents, heads of international organisations.