eToro is a leading social trading and multi asset brokerage company that allows its users to trade in Forex, CFDs, stocks and shares, and commodities.
The platform expanded its operations last year by adding a number of digital assets to its list of tradable products, and followed this up by launching eToroX, the blockchain subsidiary of their more traditional investing platform earlier this year.
The crypto to crypto exchange aims to cater more specifically to digital currency enthusiasts and also incorporates many of the features from their popular social trading platform.
Wallet and Exchange services provided by eToro X Limited (‘eToro X’), a limited liability company incorporated in Gibraltar with company number 116348 and with its registered office at 57/63 Line Wall Road, Gibraltar. eToro X is a regulated DLT provider licensed by the Gibraltar Financial Services Commission under the Investments and Financial Fiduciary Services Act with licence number FSC1333B.
eToro originally started out as RetailFX and was founded in Tel Aviv, Israel in 2006 by brothers Yoni and Ronen Assia. The company still retains an office in Tel Aviv, as well as other offices in the UK, Australia, Cyprus, and China.
eToro continues to grow in stature and has raised over $150m since 2007 across a number of different fund raising rounds. After developing a range of trading products involving traditional stocks and shares, commodities, Forex, and CFDs, the company added a Bitcoin CFD to its investment instruments in January 2018.
This was followed up by the announcement in May 2018, that eToro would begin offering ten cryptocurrencies to users in its US market, and Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Dash, EOS, Ethereum Classic, Stellar, and NEO were all made available.
The platform has opened over 8 million accounts, and is regulated by the CySEC authority in Europe, the FCA in the UK.
Sister platform eToroX officially launched in April 2019, and is…