|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
eToro Expands Cryptocurrency Services in Germany, Offering Spot Trading via DLT Finance
Sep 25, 2024 at 06:01 pm
The popular social trading and investing platform eToro has now revealed that it is increasing its cryptocurrency services in Germany
Social trading and investing platform eToro has announced the expansion of its cryptocurrency services in Germany, now enabling customers to trade crypto spot products through a new agreement with DLT Finance.
Previously, German customers of eToro were only able to trade cryptocurrency CFDs. The new offering marks the introduction of direct cryptocurrency trading for eToro’s German clients. The partnership also includes Tangany for custody services.
Spot Trading Enabled by DLT Finance
With DLT Finance, eToro is offering its users the capability to trade cryptocurrency directly, adding spot trading to the existing selection of crypto CFDs.
DLT Finance will serve as the intermediary for each crypto trade, ensuring the seamless facilitation of the transactions.
Moreover, Tangany will continue to be responsible for cryptocurrency custody, ensuring the safety of clients’ digital assets. To utilize the new products, German customers will need to accept the updated Terms and Conditions from eToro, DLFinance, and Tangany.
If clients fail to complete the verification process, they will be restricted from trading or selling the cryptocurrencies until the verification is complete. However, users will have the option to withdraw supported digital assets to other compliant custodians located in Germany.
Among the features that have been added or removed are limit orders, stop-loss, and take-profit for spot crypto trading under DLT Finance, while these features will remain available for the CFD positions.
This development opens up a wider range of choices and freedom for German traders, who will no longer be limited to engaging with the crypto market solely through derivatives, presenting a positive adjustment for German users and trading strategies.
Data Protection and Security Measures
As was the case with the previous partnership, concerns regarding data protection will also be addressed.
To ensure compliance, eToro will only disclose such customer information to DLT Finance and Tangany as may be necessary for the provision of the services.
All data will be processed in accordance with the privacy policies. The update also allows clients to withdraw the crypto assets to other wallets or other regulated custodians. Such transfer of ownership will be effected by the users through instructions to Tangany, and a fee will be applicable.
eToro's Expanding Footprint in Cryptocurrency
This follows a series of developments in eToro’s global cryptocurrency trading services.
In the past month alone, the platform has restricted non-leveraged crypto trading in France and Australia, and it has had to restructure some of its services in the US following a settlement with the SEC.
However, this German expansion demonstrates the brokerage’s interest in bolstering its lineup of offered cryptocurrencies, particularly in regions where interest is growing.
Furthermore, the recent integration of staking for Solana and Ethereum on eToro is a clear indication of the expansion of its crypto products. By partnering with locally regulated platforms such as DLT Finance and Tangany, eToro aims to provide a trading experience that aligns with German laws.
Additional Features for German Traders' Section
German users will also be able to continue utilizing the user-friendly interface of the eToro platform as they venture into the new crypto spot trading services offered on the platform.
It's worth noting that the CopyTrader feature will not be available for crypto spot trading, although investors will still be able to copy CFD positions, maintaining a level of consistency in trading.
The collaboration with DLT Finance can be viewed as the next stage in eToro’s services, adapting to the needs of the contemporary cryptocurrency market. As the platform continues to expand its range of trading options for its international clientele, it comes as no surprise that we can expect to encounter further features and services in the future.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Top Coins Whales Are Accumulating for October Gains: Ripple (XRP), Tron (TRX), IntelMarkets (INTL)
- Sep 25, 2024 at 10:20 pm
- Whales are accumulating Ripple (XRP), Tron (TRX), and IntelMarkets (INTL) for potentially huge gains in October.
-
- Kraken Becomes Official Crypto Partner of RB Leipzig
- Sep 25, 2024 at 10:20 pm
- The partnership is focused on fusing the crypto ecosystem with sports entertainment to provide an interactive experience for fans.
-
- ETFSwap (ETFS), Fantom (FTM), TRON (TRX), and DOGS (DOGS) Set to Trigger an Up to 800% Increase in the October 2024 Bull Run
- Sep 25, 2024 at 10:20 pm
- October marks the beginning of the last quarter of 2024, which experts say may be the start of the highly anticipated 2024 bull run.
-
- Shiba Inu (SHIB) Price Prediction: Will the Meme Coin Mania Continue?
- Sep 25, 2024 at 10:20 pm
- As the price of Bitcoin reclaimed the $64,000 level, the meme coin market has taken a rise. Notably, some mid-cap and low-cap memecoins have recorded a surge of up to three digits. This highlights a rising interest of investors in it.
-
- RUNE Price Analysis: THORChain (RUNE) Shows Remarkable Growth and Resilience in the Crypto Market
- Sep 25, 2024 at 10:20 pm
- THORChain (RUNE) price’s recent performance showcased remarkable growth and resilience in the crypto market. The token has a solid security score and has experienced a significant rise in its trading volume.
-
- Whale Sells INJ Tokens, Buys LDO Tokens via Cumberland in the past 30 hours
- Sep 25, 2024 at 10:20 pm
- A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens. On Wednesday, Sept. 25, Lookonchain shared on-chain
-
- Best Long-Term Crypto Investment For 2024: Bitcoin, Ethereum, And Polkadot Lead The Race
- Sep 25, 2024 at 10:20 pm
- In order to make a smart investment in cryptocurrency, one must consider it on both a short and long term basis. If someone is thinking about making money fast
-
- Huddle01 Plans to Raise Up to $37 Million in Network Node Sale to Power Its Decentralized Video Conferencing Platform
- Sep 25, 2024 at 10:20 pm
- Huddle01, a blockchain project to provide decentralized audio and video conferencing – aiming to provide lower latency virtual meetings than Zoom and Google Meet – plans to raise as much as $37 million in a sale of network nodes.
-
- Internet Computer (ICP) and Hedera (HBAR) Lead the Pack in Development Activity – Who Else is on the List?
- Sep 25, 2024 at 10:20 pm
- Onchain analytics firm Santiment made a post about projects that have had the highest developmental activities in the last 30 days. The post shows that Internet Computer (ICP) and Hedera (HBAR) are currently part of the projects leading the pack.