- eToro has a presence in more than 140 countries around the world.
- At the beginning of the launch, users will be able to buy and sell 13 digital assets.
eToro, a leading social trading platform has announced that it is launching in more thirty states in the US. eToro has a presence in more than 140 countries around the world. At the moment the social trading platform is host to at least 10 million clients.
The United States being the most active activating in terms of trading cryptocurrencies, eToro plans to capitalize on the large volume.
“We think [the tokenization of assets] is a bigger opportunity than the internet and we have to be in the U.S. when it happens, given it’s the financial hub in the world,” eToro CEO, Yoni Assia said in a comment.
The market will see the social trading platform take its services to 30 states and two other regions in the U.S. At the beginning of the launch users will be able to buy and sell 13 digital assets. However, eToro has future plans to increase this number by including all the top 20 cryptos by market capitalization. For now, the company is holding back on the decision due to regulatory constraints.
According to CEO Yoni Assia, eToro is currently working on adapting the regulatory guidelines of the United States. In addition to that, the firm was recently granted a FinCEN alongside other money transfer licenses.
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