- Access to Spot Cryptocurrency Trading
- Partnerships with Regulated Companies
- Expanding Access to Cryptocurrency Markets
Leading multi-asset investing platform eToro has officially launched spot cryptocurrency trading in Germany, expanding its services for German users who were previously limited to cryptocurrency contracts for differences (CFDs).
Access to Spot Cryptocurrency Trading
Until now, German eToro users could only access the cryptocurrency market through CFD instruments, which track the price of digital assets but do not involve direct ownership. With the introduction of spot crypto trading, eToro users in Germany can now buy, hold, and trade actual cryptocurrencies through the platform, adding a new layer of flexibility and access to digital assets.
Partnerships with Regulated Companies
The launch of spot trading is supported by partnerships with Germany’s Federal Financial Supervisory Authority (BaFin)-regulated companies: DLT Finance, which manages trading execution, and Tangany, which provides digital asset custody. These partnerships ensure that eToro adheres to German regulatory standards and offers a secure, compliant service for users.
Expanding Access to Cryptocurrency Markets
The launch of spot crypto trading in Germany is part of eToro’s broader strategy to expand its offerings and provide users with more direct access to the cryptocurrency markets. This move is expected to attract a wider audience of investors who prefer to own digital assets outright rather than trading derivatives like CFDs.
The introduction of spot cryptocurrency trading on eToro marks a significant milestone for German investors, who now have the ability to directly trade and hold cryptocurrencies on the platform. Through partnerships with BaFin-regulated firms DLT Finance and Tangany, eToro ensures that its new service is compliant with German financial regulations and provides a secure environment for digital asset trading. This expansion aligns with eToro’s commitment to offering a wide range of investment options while adhering to local regulatory standards.
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