eToro has created a unique social trading platform, which gives its clients a variety of ways to benefit from other peoples trading knowledge and also share their own. With nearing over 10 million men and women from around the world choosing eToro for managing their online portfolio, the cumulative amount of knowledge and experience on the platform is overwhelming.
Altcoin trading has exploded exponentially for the social trading company. eToro has seen a massive increase in both trading altcoins and the volume of altcoins traded on the platform. eToro has been actively targeting Forex, Stocks and Commodity traders with crypto options.
Over the last year, eToro has seen a 4x growth in traders accessing the altcoin market. The volume of bitcoin and Ethereum has skyrocketed by 4,500 percent. Right now, eToro is actively trading Bitcoin, Ethereum and Ethereum Classic (as of June 7th).
“Nothing is set in stone. We are constantly reviewing our offer for traders and responding to demand on the platform” — Mati Greenspan
Crypto CopyFund
eToro, the global trading and investing social network, announced the launch of a new cryptocurrencies investment CopyFund. This comes shortly after the total market cap of cryptocurrencies surpassed $100 billion.
eToro CopyFunds enables you to invest into predefined market strategies while still taking advantage of the wisdom of the crowd. Top Trader CopyFunds and Market CopyFunds gives the investors access to the top performing trading strategies from eToro’s global community of investors. They are designed to help investors minimize long-term risk and to promote opportunities for growth by creating diversified investments.
The first Crypto CopyFund will be investing in the two largest cryptocurrencies, Bitcoin (47.3bln market cap @ $2891), Ethereum (28bln market cap @ $303) CopyFund will be determined by the market cap of individual cryptocurrencies. The new fund will be regularly analysed and automatically re-balance once a month.
“Blockchain and cryptocurrencies represent the biggest innovation in financial services since the introduction of computers into finance. Today we’re making this market more accessible to a wider pool of investors.”
“We’re launching this week the Crypto-currency CopyFund. We plan to add more cryptocurrencies such as Ripple and Dash, in the near future to expand our offering as well.”
“We have been seeing an increasing number of our clients looking for a simpler way to access investments in cryptocurrencies — with a view to building a portfolio in the future. They were asking how to allocate their investments between the two largest cryptocurrencies that are traded on eToro, so we have launched an automatically rebalanced investment strategy to simplify their investments into this new exciting asset class.” — Yoni Assia, CEO of eToro
You can also trade individual cryptocurrencies, focusing on Bitcoin and Ethereum. Additionally eToro users can copy the trading strategies of cryptocurrency experts.
eToro offers over 15 CopyFunds available, all with a minimum investment of $5,000.
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