eToro Nudges Investors Towards Crypto Trading as They Consider Portfolio Diversification

Cryptocurrencies have been consistently outperforming themselves in recent days, turning into one of the hottest asset classes out there in the global financial market. Their performance has ensured complete attention from traders and investors who are now actively looking for ways to further diversify their portfolios with cryptocurrencies. The trend is quite evident by the number of new sign-ups garnered by various online trading platforms in the past couple of weeks alone.

Many crypto exchanges, online trading platforms and brokerages have reported strong growth since the beginning of this year, many times higher than the same period in 2020. According to eToro – a global online trading and brokerage platform, the recent Bitcoin rally that eventually led the cryptocurrency across the $40,000 mark, albeit briefly resulted in the entity registering over 380,000 new accounts within the first 11 days of the new year. Complementing the increase in new accounts, crypto trading volumes also shot up by 25 times compared to the same period last year.

Meanwhile, eToro is also pushing for increased adoption of cryptocurrencies and crypto trading by offering attractive rewards to new users. One such ongoing promotional campaign allows traders and investors to get a $500 reward for opening a crypto trading account and placing trades worth $5000 (approx. BTC 0.14) or higher. Those signing up during the promo campaign not only get an opportunity to trade crypto on a highly volatile yet lucrative market but also enjoy the additional capital earned as a reward.

Trade $5000 Get $500

The $500 reward for crypto accounts is the first of many promotions to come on eToro this year. Announced at the end of 2020, it will go on till the end of January 2021 and is available exclusively to investors who are residents of the United States.

In order to secure the reward, all one has to do is signup for an eToro account, deposit funds into it, and open crypto trades worth at least $5000…

Read More