Social trading platform eToro launches cryptocurrency CopyFund

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Social trading platform eToro launches cryptocurrency “CopyFund”

The boom of cryptocurrency has been going on for a while, but now it has reached the Forex market, CFDs, ETFs and even binary options. The growth of the rate of crypto currency began to attract a lot of excitement among traders. EToro, which is known as one of the largest and most successful CFDs and Forex brokers, has launched its new service, which will allow everyone to participate in the trade in cryptocurrency.

With the help of eToro Crypto CopyFund, not only such popular crypto-currencies as bitcoin and Ethereum will be available for trading, but other not less popular ones:

Many analysts have already named 2020 – the year of the crypto currency. Over the past year, its value has increased in a few times. All advanced investors wanted to enter the crypto currency market. It was very difficult for the market to keep up with such a strong dynamics of growth of the crypto currency.

Many who wanted to enter the crypto currency market could not do this through the limited knowledge in the field of trading. The company eToro decided to facilitate the process of investing in the crypto currency. The main task facing the company was to simplify the process of investing in the crypto currency.

The potential of the crypto currency will be able to diversify your portfolio of investments. Using the platform of social trading eToro you will make it much easier. With the help of Copyfund you can perform operations with the crypto currency in just a few clicks.

Test the innovation from eToro, it is available for trading now.

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eToro, an Israeli broker and social trading platform, announced it is expanding its investment CopyFund offering with an instrument containing four of the most popular digital currencies at the moment – DASH, LiteCoin, Ripple, Ethereum Classic.

Last month the brokerage launched a CopyFund with Bitcoin and Ethereum. Additionally, investors can trade Bitcoin, Ethereum and Ethereum Classic as individual instruments.

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The CopyFunds were launched by eToro earlier this year. They are a new generation of investment products that allow traders to develop and follow investment portfolios on various market strategies. There are two types of CopyFunds: Top Trader CopyFunds and Market CopyFunds and give investor access to the best performing strategies on eToro’s platform. Following them does not require much experience, minimizes the risk and promote opportunities for growth by creating diversified investments.

Currently eToro offers a little over 20 CopyFunds and is planning to expand the offering. They are analyzed and adjusted on a regular basis.

According to Yoni Assia, Co-founder and CEO of eToro, 2020 has been a key year for cryptocurrencies and they could reach a Trillion USD market cap.

“As the popularity of the market grows, and more investors are learning about its potential, we want to ensure that our clients have as much access to it as possible. Investing in the top cryptocurrencies is an extremely complex process today, it requires technical, security and risk management knowledge to buy and hold these new digital assets, at eToro we are simplifying this process to a click of a button”, Assia said. “This CopyFund is the first of its kind globally providing investors access to the world’s biggest digital currencies in one innovative portfolio. For those who believe in the technology’s potential, this is an opportunity to invest in a straightforward and simple way.”

eToro is an innovative forex trading service offering both traditional and social trading in multiple assets. With the launch of their OpenBook social investment platform in 2020 eToro introduced the concept of social trading to the world in 2020. Now the brand is active in more than 170 countries worldwide and serves over 4 500 000 registered traders.

The companies behind the eToro brand are regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Introducing eToro’s new Cryptocurrency CopyFund – A new way to invest in Bitcoin & Ethereum

At eToro we are constantly striving to break new ground and bring you exciting trading and investing opportunities. So we are proud to announce the launch of our innovative new Cryptocurrency CopyFund, the first of its kind in the world.

eToro CopyFunds enable you to invest quickly and efficiently in pre-defined investment strategies. We do this by combining a selection of markets based on a similar theme – in this case cryptocurrencies – or by combining the strategies of some of the most successful traders on our global network.

Our new Cryptocurrency CopyFund gives you investment exposure to the two biggest digital currencies, Bitcoin and Ethereum. And we have plans to add more over the coming months, with the likes of XRP by Ripple Lab, Dash and Litecoin very much in our plans.

The weighting of the two crypto assets in the CopyFund will be determined by their market cap. The total market cap for all cryptocurrency markets has very notably hit the $100bn barrier recently, having started the year at just $11bn.

The Cryptocurrency CopyFund will be regularly analysed by the eToro team and automatically rebalanced once a month, making it easy for mainstream retail investors to invest in this fast-growing marketplace.

We also have dedicated markets for Bitcoin and Ethereum , so if you want to trade them separately via CFDs, you can do that too. Watch and learn from other cryptocurrency traders and copy their strategies, or create your own. One of our Popular Investors Jay Smith has, at the time of writing, returned 189% over the last 12 months.

Commenting on the CopyFund launch, Yoni Assia, co-founder and CEO of eToro, said: “We have seen an increasing number of our clients looking for a simpler way to access investments in cryptocurrencies – with a view to building a portfolio in the future. They were asking how to allocate their investments between the two largest cryptocurrencies that are traded on eToro, so we have launched an automatically rebalanced investment strategy to simplify their investments into this new exciting asset class.”

The launch of our Crypto-currency CopyFund brings the total number of eToro CopyFunds to 21. You can start investing in each from $5,000 upwards.

Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

eToro (Europe) Ltd., a Financial Services Company authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license # 109/10.
eToro (UK) Ltd, a Financial Services Company authorised and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
eToro AUS Capital Pty Ltd. is authorised by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

Past performance is not an indication of future results.
General Risk Disclosure | Terms & Conditions

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall eToro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or (b) any direct, indirect, special, consequential or incidental damages whatsoever. Cryptocurrencies markets are unregulated services which are not governed by any specific European regulatory framework (including MiFID). Therefore when using our Cryptocurrencies Trading Service you will not benefit from the protections available to clients receiving MiFID regulated investment services, such as access to the Cyprus Investor Compensation Fund (ICF)/the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution. Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of his future performance. Content on eToro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro – Your Social Investment Network.
Copyright © 2006-2020 eToro – Your Social Investment Network, All rights reserved.

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