eToro, a global trading and investment platform, has announced the unveiling of its crypto wallet, enabling, for the first time, its users to transfer their crypto assets from the platform to store them.
According to an announcement, the multi-crypto, on-chain wallet, with multi-signature security – which requires more than one key to make a Bitcoin transaction – is a mobile application that is available via Google Play and the Apple App Store.
Initially, the crypto wallet will be available to Platinum Club members for Bitcoin, which have more than $25,000 in equity on the platform. However, this will eventually be extended to more users in time.
It was back in May that Yoni Assia, co-founder and CEO of eToro, first noted[1] the platform’s crypto wallet. Speaking to CoinJournal during the Consensus conference in New York, Assia said that the launch of the wallet will enable clients to buy crypto directly as well as receive the ones the platform supports.
At the moment, though, users will only be able to store Bitcoin, Ethereum, Bitcoin Cash, and Litecoin on the wallet. Over time, however, the number of crypto assets that the platform supports will increase similar to how the number of cryptocurrencies on eToro have increased.
Presently, the trading company supports 13 crypto assets, the most recent being the Binance Coin[2]. The others include XRP, EOS, Stellar Lumems, Cardano, Dash, IOTA, NEO, and Ethereum Classic.
Following the news of eToro’s crypto wallet, Assia said that they believe cryptocurrency and the blockchain will have a major impact on global finance, adding:
“Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever on to the blockchain,” he said. “We believe that in the future all assets will be tokenised
