eToro Expands its Crypto Trading and Mobile Wallet to the U.S.

Just after closing its $100 million series E round, the Israeli-based social fintech trading platform eToro just announced that it will be launching a cryptocurrency exchange and mobile wallet in the U.S. later this year.

"U.S. crypto holders have a strong appetite for diversified portfolios. We're committed to offering the best tools and assets to help them manage their investments all in one place." Said Yoni Assia, eToro's CEO when announcing the launch.

eToro is opening up the onboarding process with a waitlist, and users can verify their registration before the official launch.

The eToro U.S. launch will soon enable traders to test of the exchange by using a free 100K demo account.

"eToro will continue to focus on simplicity and user-friendliness so that more diverse groups will feel welcomed into the global crypto community. US crypto holders have a strong appetite for diversified portfolios and we're committed to offering the best tools and assets to help them manage their investments all in one place."

eToro users can make investments by doing their research and enter them manually, or they can automatically copy the trading activity of more successful trading.

What most cryptocurrency platforms currently lack that eToro offers is a customizable news feed and social component.

The company's mobile app will become a one-stop-shop for all things crypto.

Users are able to follow the influential stock and crypto traders, to monitor their daily activity and trading moves.

eToro launched back in 2007 and has over 10 million active users worldwide, spread across 140 countries.