ISRAEL – Investing platform eToro has launched a new “social” cryptocurrency trading platform and wallet service for U.S. customers in 32 states.
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The “social” model allows eToro customers to reproduce other users trades through its CopyPortfolio and CopyTrader features.
eToro users will be able to ““collaborate with other crypto traders when making buying and selling decisions,” said Yoni Assia, co-founder and CEO of eToro.
Furthermore, the platform allows users to “adjust their trading strategies by watching and learning from others on the platform.”
Traders who have “established” a good record “may be copied and compensated for their performance, subject to risk analysis and supplemental evaluation.”
The company also announced they will be launching a global cryptocurrency exchange called eToroX later this year.
Since 2007, eToro has raised $222 million, according to Crunchbase.