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“# ‘When alt season?’ eToro may have some answers ” Investors who knew when to swap Bitcoin (BTC) and altcoins could have boosted their gains significantly in 2020, according to new research from eToro, the popular social trading platform. The challenge, of course, is pinpointing when the coveted alt season begins. In its latest quarterly…
“# Social trading platform eToro ended 2020 with $600M in revenue ” Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5…
“# More institutions will warm up to crypto once market cap hits $2T: eToro ” A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market participants, the report states the crypto market could…
“# EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’ ” Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to…
“# EToro slammed for short-notice halt to BTC margin trading amid ATH price surge ” A Wall Street Journal report published Jan. 12 claims European eToro users were given just four hours notice that the platform’s margin trading services would be halted on Friday. EToro users were informed they must increase their margin collateral to…
“# UK crypto community reacts as FCA derivatives ban goes into effect ” On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At the time,…
“# US exchanges are suspending or delisting XRP left and right ” Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the U.S. Announcing the news on Thursday, eToro revealed that U.S. customers will not be able to trade XRP…
“# Crypto-friendly trading firm eToro rumored to be prepping for 2021 IPO ” Trading platform eToro reportedly could go public in 2021. Sources told Cointelegraph that eToro has been working with the London Stock Exchange’s “Elite” program to prepare for an initial public offering. “EToro does not comment on market rumours,” an eToro representative told Cointelegraph….
“# Project gives away 14M tokens in digital universal basic income experiment ” A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens. According to a Wednesday announcement, the universal basic income, or…
“# Global search volume for Bitcoin appears higher than in 2017 ” According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in December 2017 bull run was lower than in November 2020. Citing data from SEO data provider SEMrush, Michelson…