American users of the popular eToro trading platform are taking up altcoins with growing conviction, with the likes of Cardano's ADA and Dogecoin (DOGE) becoming more popular buy-and-hold assets than Bitcoin (BTC). New research shared with Cointelegraph showed that ADA is the most popular cryptocurrency held by United States-based eToro users, up from third place in the second quarter of 2020. After not making the rankings at all a year ago, DOGE is now the second most-held cryptocurrency among U.S.-based investors. Rounding out the top five are Tron, Ether (ETH) and Bitcoin, which saw its Hold Rank fall from first …

The crypto markets are as volatile as ever — and now, a major trading platform is making it easier to have “diamond hands.” eToro supports staking, which means that those who purchase and hold supported cryptocurrencies on its platform have a way of growing their capital. According to the platform, the mechanism that’s used to achieve this is not dissimilar to the way that interest accrues in a savings account. With many people beginning to gain exposure to crypto for the first time, eToro says it aims to ensure that the staking process is “simple, secure and hassle-free.” Any rewards …

Crypto-friendly trading platform eToro is expecting regulators to ratchet up their oversight of the crypto industry, given the increasingly high levels of participation by retail traders and smaller investors. In comments for the Financial Times, eToro CEO Yoni Assia said: “We are seeing a significant increase in the interest of retail investors and traders in the crypto market. As a part of that growth we should expect also regulators to carefully look at this growing business of retail investors in the crypto markets.” At the start of this year, eToro had itself struggled to keep up with “unprecedented” demand from …

While countries like El Salvador have welcomed Bitcoin with open arms, other regions are pushing to legally ban the digital currency. Although this may be, some industry experts believe that Bitcoin (BTC) is here to stay — for good. For example, during an exclusive interview at Bitcoin 2021 in Miami, Yoni Assia, CEO of eToro, told Cointelegraph that he considers Bitcoin to be the “king of crypto,” noting that the most popular digital currency is here to stay: “I'll be surprised if we don't see a significant rise in the price of Bitcoin over the next three to five years, …

Beyond Coinbase, are there any other examples? One company that has been in the process of completing a Reg A token sale is Exodus. Exodus — which offers desktop, mobile and hardware crypto wallets — said that it wanted to pursue this approach to ensure that its users had equal access to equity as venture capital firms and crypto whales. The company’s stock was listed at a price of $27.42 a share, and was available directly through the Exodus wallet in exchange for Bitcoin, Ether or the USDC stablecoin. It was also available exclusively in the U.S., barring three states. …

Over the course of 2020, eToro sized up significantly, as Assia explained: “We’ve grown more than 147% year-over-year revenues,” he noted. This year rolled in with mainstream and crypto bull markets in full swing, in tandem with “the biggest discussion we’ve seen in human history around the intersection of social media and investment platforms” — all bubbling together to form what Assia labeled as “a perfect storm.” He added: “We’re seeing an immense interest all around the world from people who want to participate in the global markets, which was our original vision from 2017 when we started our business …

EToro’s CEO, Yoni Assia, thinks multiple factors are at play when it comes to the crypto market's current bull run — among them, the economic situation in the United States amid the ongoing COVID-19 pandemic. “I think there is a confluence of circumstances that’s leading for this all-time high, both in crypto, as well in the stock markets,” Assia told Cointelegraph in an interview on Thursday. “We’re seeing unprecedented monetary and fiscal sort of reactions from federal governments all around the world leading to zero interest rates, and even negative interest rates in some places.” Back in March 2020, Bitcoin …

Crypto-friendly trading platform eToro appears to be making firm moves toward achieving its goal of going public in the United States. According to a press release issued on Tuesday, eToro is in talks with FinTech Acquisition Corp V — a special-purpose acquisition company, or SPAC, owned by veteran Philadelphia banker Betsy Cohen — toward a $10 billion merger. Both companies are looking to raise equity to the tune of about $650 million to facilitate the deal. Softbank Vision Fund 2 and Fidelity Management and Research Company are among the investors slated to participate in this equity raise. Fintech V also …

Investors who knew when to swap Bitcoin (BTC) and altcoins could have boosted their gains significantly in 2020, according to new research from eToro, the popular social trading platform. The challenge, of course, is pinpointing when the coveted alt season begins. In its latest quarterly report, eToro breaks down various cryptocurrency investment themes related to the 2020 bull market. It also devotes an entire section to alt season – the part of the cryptocurrency market cycle where altcoins rally against the dollar and, possibly, outperform Bitcoin. The research found that the top 100 altcoins, when held equally, were “a more …

Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended 2020 with gross revenue of $600 million, with total trading volume surging 40% to $1.5 trillion. Describing his firm as a technology company and multi-regulated broker, CEO Yoni Assia said: “The last few years have seen a rapid growth in eToro’s headcount reflecting both our global expansion and the growth of our product offering and client base.” eToro has operated a successful social trading platform for a number of years, allowing novice …

A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market participants, the report states the crypto market could reach a $2 trillion market capitalization if more institutional players were to get on board amid more favorable conditions. These firms would be more likely to adopt crypto if there was less regulatory uncertainty, a developed market infrastructure, and less risk surrounding security. “2020 was the year when many institutional investors such as banks and traditional asset managers began to …

Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ — CRYPTO KOALA (@Cryptokoala_Aus) January 13, 2021 EToro has become …