Social Trading Platform eToro Updates Its Cryptocurrency Offering
Originally published on: CCN
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March 14, 2018
Appearances can be deceiving. That is why an unassuming man can flip burgers from a humble-looking food truck by day, while being copied with assets totaling at $12.75 million by night, without raising a single eyebrow. Currently one of the top traders on social trading platform eToro, 34 year-old Stephen Bliss has gone from practicing with a demo account to becoming an eToro Popular Investor, copied by thousands, with a return of 935% last year alone.
eToro’s revolutionary social trading platform has been likened to the ‘Facebook for traders,’ allowing users to interact with each other, exchange ideas, and join millions of other investors who have been automatically copying the leading traders in the community. Some of these traders achieve Popular Investor status, which gives them rewards such as monthly payments, generating a second revenue stream for them.
Since its inception in 2007, the easy-to-use platform has been at the forefront of making online trading accessible to almost anyone, regardless of background or location. While many other online trading platforms have floundered due to oversimplification and obtuse mechanisms, eToro has successfully managed to strike a balance between accessibility for beginners and improving upon important elements for experienced traders. eToro has gone on to solidify itself as the world’s leading social trading network for both short-term and long-term investments, offering instruments for both low and high-risk investments.
Now, investors can delve into the exciting world of cryptocurrencies and trade up to nine cryptos on eToro: Bitcoin (BTC), Ethereum Classic (ETC), Ethereum (ETHEREUM), Dash (DASH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), NEO, and Stellar (XLM).
NEO and XLM are the latest additions to the platform’s ever-expanding cryptocurrency offering, following their breakout performances last year. NEO, a China-based cryptocurrency, established itself as one of the top 10 cryptocurrencies for 2017 by reaching a market cap in the billions and has continued to dominate the top 10 chart. XLM’s championing of an agenda to reduce poverty and facilitate banking services to bankless societies has also skyrocketed into the top 10 cryptocurrency list.
Crypto Needn’t Be Cryptic
Like its fiat currency offering, eToro’s cryptocurrency offering cuts through the fluff and places investors right where they want to be, without needing to download and install applications or setup multiple wallets before trading. The intuitive platform allows users to have complete and secure control over their accounts and funds, execute trades in real-time, and withdraw funds without limitations. Its recently introduced CopyFunds investment strategies for cryptocurrency trading are set to become the industry standard for managed portfolio products. Moreover, the platform’s CopyTrader system allows investors to copy experienced traders and create a people-based portfolio.
With its diverse offering of cryptocurrencies and other financial instruments, eToro is hoping for more success stories like that of Stephen Bliss.
*Highly volatile investment product. Your capital is at risk.
*Past Performance is not an indication of future results
*The content is intended for information purposes only and should not be considered as an investment advice.