Coming (really) soon: Crypto to crypto conversion. Stay tuned
— eToro (@eToro) November 6, 2018
According to the announcement, the eToro wallet will initially launch with support for Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH). The company notes that it plans to roll out support for new coins and tokens in the near future.
“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,” said Yoni Assia, the CEO of eToro. “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.”
eToro notes that it also plans on adding in-wallet crypto to crypto conversions, the ability to deposit fiat, in-store payments and more.
This news comes as eToro continues to expand its social investing platform, recently adding support for Binance Coin (BNB), the exchange token for Binance. The platform now supports 14 cryptocurrencies, and eToro is planning to expand to the United States within the year.
Photo: Marco Verch / Flickr
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.