The eToro social investment platform introduced a cryptocurrency wallet with support for Bitcoin, Ethereum and Litecoin.
Representatives of the company say that eToro Wallet is available to all EU residents, as well as Switzerland and Gibraltar. However, in order to take advantage of the new wallet, platform users must be members of Platinum Club, that is, they must hold assets worth $ 25,000 on the platform. But the company promised to soon provide access to the eToro Wallet for a wider range of users, as well as add other coins.
We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world. The eToro wallet is a key part of this.
The app is already available for the Android and iOS operating systems. To use a mobile wallet, users must be verified on the platform.