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eToro Now Offers Trading with Bitcoins

eToro, the Cyprus-based Forex and CFD broker, has silently joined the handful of companies that offer trading with the latest hype in the currency world – Bitcoins. Users of eToro's Openbook – the social trading platform, can now engage themselves into trading with the virtual currency, with the only peculiarity being that you can find the symbol in the list of stocks, under the Financial label. 

 

 
 
 
As we've already mentioned, the addition has come without too much ado (actually, our attention was brought to the news thanks to a report by the ForexMagnates), although in blog posts representatives of the broker have been promising introducing the bitcoin at least since April this year. Back then, the team put the situation with launching Bitcoin trading in the following manner: “it's a question of time”.
 
Owing to this step, eToro joins a small group of brokers, like Plus500, AvaTrade, FXChoice and Tallinex, which offer trading with the cryptocurrency. The Cypriot broker is set to benefit from this low number of companies penetrating the realm of virtual currencies, as well as the traders' interest into Bitcoins that grows exponentially. The currency may be deregulated but it's in fact a cool investment, as eToro put it. Indeed, many consider investing in bitcoins as more of a fun than actual trading – it may still cost you traditional money, though. 
 
The hype around Bitcoins has been fueled by regulators too. While Chinese authorities have acted roughly to prohibit the use of Bitcoins, Russia has shown tolerance and is even planning to introduce its own cryptocurrency, analogical to the Bitcoin. 
 
From the looks of it, the first day of Bitcoin's actual life is still ahead of us with the currency yet to show its popularity and powers. Bring it on, Bitcoin!
 

About eToro

 
eToro is a Cyprus-based forex broker regulated by the Cyprus Securities and Exchange Commission. It offers reasonable trading via proprietary trading platforms, variable spreads from 1 pip, and leverage of up to 1:400.
 Recently the broker obtained a license from the Financial Conduct Authority (FCA) in the UK, and is expected to set up offices in London soon. 
TAGS: etoro  etoro forex broker  cyprus forex broker  bitcoin  bitcoin forex broker  forex trading  stocks  openbook  cryptocurrency 

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