eToro Appoints Cryptocurrency Enthusiast As New Managing Director in Russia

Global social trading and investment platform, eToro, announced today that it has strengthened its Russian business with the appointment of George Verbitsky as managing director.

George Verbitsky is a financier, trader and money manager with more than ten years’ experience in global markets. He has held several senior business development positions in companies such as Microsoft Russia, Thomson Reuters and TradingView. George has experience working in several startups, including an individual traders’ social network, an asset management consulting company, and a diversified algorithmic cryptocurrency fund. George’s past experience as a host of live TV shows about financial topics adds value to his fintech expertise.

George Verbitsky said: “eToro offers unique investment options, to work with modern and innovative technology, including a clear and safe way to invest in Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. The company has great growth potential in Russia, and I see my goal in its realisation, as managing director in Russia and CIS.”

Yoni Assia, CEO and co-founder, said: “We think George will be a huge asset for eToro. He brings a deep understanding of financial markets and cryptocurrencies, and has a strong background in business development. He will no doubt strengthen our ability to grow this side of our business and improve the products and services we are able to offer our users in Russia. I am confident he will make a significant contribution to the role.”

Earlier this year eToro launched an investment instrument called Crypto CopyFund. In addition to Bitcoin and Ethereum, the automatically rebalanced portfolio offers exposure to Dash, Litecoin, Ripple’s XRP and Ethereum Classic (ETC).