Finally Arrives! eToro Launches Public Beta Trading in Bitcoin

They have been talking about bitcoin, and now the digital currency finally makes its appearance on eToro’s OpenBook platform. One of the first firms to be discussing bitcoins, as well as its CEO, Yoni Assia being an early adopter and backer of startups in the space, eToro has quietly added trading in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term on OpenBook.

Currently in live beta where it is accessible to clients, but not officially launched, the product is part of the firm’s new ‘Stocks’ product line. Similar to other stock products at eToro, bitcoin will not be available for intraday trading, with purchases and sales taking place once a day at existing market prices. Similar to mutual funds, eToro’s equity offerings also provide fractional purchases of shares; thus allowing users, for example, to buy $100 worth of a stock or bitcoin. However, unlike stocks which are charged a 0.1% transaction fee, bitcoin is subject to 1.0% commissions on trades.

In terms of when bitcoin will officially be launched, as well as opportunities for bitcoin deposits, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reached out to eToro representatives, who were unable to comment due to the product not having been officially launched.

In terms of trading, the eToro stock adds a new element to synthetic offerings which includes CFDs and binary option products. However, unlike those products, where the majority of broker offerings are limited by contract expirations, eToro’s bitcoin stock is aimed at longer- term investing.

Does a stock version that is integrated with a broker’s overall product offerings make sense for bitcoins as it provides investing diversity? Or is trading actual bitcoins superior? Let us know what you think in the comments.