eToro Announces Launch of Crypto Wallet, Initial Support For Four Cryptocurrencies

Kevin O'Brien

Global investment platform eToro confirmed the release of its cryptocurrency wallet in a press release dated November 6th.

An early morning Tweet from the company noted the wallet was available across the European Union, Switzerland, and Gibraltar.

eToro confirmed further countries would have access on a phase-by-phase basis.

Available on the Apple App Store and Google Play, the initial iteration will support storage for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. eToro said additional cryptocurrencies would become available over time.

Right now, the ability to transfer cryptocurrency from eToro to the wallet is just available for ‘Platinum Club’ members, who have more than $25,000 in platform equity.

The press release noted how this feature would be “gradually extended to more users.”

Making A Name In The Cryptocurrency World

The rollout of the wallet seems to signify a continued push by eToro to shake up global finance.

CEO Yoni Assia commented how:

"We believe that crypto and the blockchain technology that underpins it will have a huge impact on global finance. Blockchain has the potential to revolutionise finance and we believe that we will see the greatest transfer of wealth ever onto the blockchain. We believe that in the future all assets will be tokenised and that crypto is just the first step on this journey. Just as eToro has opened up traditional markets for investors, we want to do the same in a tokenised world…”

eToro analysis have been regular commentators on all things cryptocurrency, and the company recently set up a crypto ATM in London to celebrate the 10th anniversary of bitcoin.

According to reports, people had to sing happy birthday to the machine in order to get an eToro voucher for £20-£250 UK Pound’s worth of bitcoin.

Free Ethereum?

One Twitter user pointed out how those who download eToro’s new wallet could receive 0.1 ETH ($21.38) if they created an Ethereum wallet and were fully verified.

People in the comments confirmed they received the free Ethereum. Assia wrote in a Tweet how beta testers would get some Ethereum as well.