Online broker eToro announced today that its clients in the UK and Europe can now transfer cryptoassets held with other exchanges, brokers, or in other blockchain wallets to the eToro Crypto Wallet, where they can convert their holdings to cash, in order to trade and invest across multiple asset classes on eToro’s investment platform.
“We’ve seen a new generation of people get into investing through crypto. As they mature as investors and look for ways to use their cryptoassets for trading and investing, eToro is well-equipped as a multi-asset platform to help them put their crypto to work, explore new investment opportunities and build diversified portfolios,” said Doron Rosenblum, EVP, Business Solutions at eToro.
“With many cryptoassets reaching new all time highs but also experiencing strong volatility, the launch of crypto-to-fiat conversions on eToro means investors can use us as an ‘off-ramp’…
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