Social trading and investing platform eToro has had an eventful 2018, which has included a busy November with respect to the Cryptocurrencies space. The company also made waves earlier this month during its landmark announcement at London Summit 2018, which announced it would launch its own Stablecoin in the coming year.
2018 has been a mixed bag for many brokers and trading venues, given the impact of new regulations across the retail industry. This included a revamped playing field for both FX and cryptocurrencies providers. For its part however, eToro has soldiered forth and prospered, seeing new developments throughout the year.
Over the past few months, the retail trading venue has consistently leveraged a focus on the crypto trading space, including launching partnerships with upwards of seven landmark football teams, setting a London based office, and announcing a similar plan for the US, a lucrative crypto market.
Its biggest news however was teased by eToro’s CEO Yoni Assia at London Summit 2018, where he announced the company’s Stablecoin plans in the year ahead. A Stablecoin is a cryptocurrency that is collateralized or “pegged” to a real-world fiat currency or another asset, usually one a one-to-one basis.
“Will eToro issue its own stablecoin in 2019? – absolutely yes!” #regulation #cryptocurrencies #londonsummit18 #stablecoin @eToro pic.twitter.com/l2vNTLz8ae
— Finance Magnates (@financemagnates) November 14, 2018
Stablecoin issuance has been one of the more significant trends in exchanges throughout the latter half of 2018, with eToro’s announcement being picked up on multiple leading crypto news outlets.
eToro also played a central role in London Summit 2018 earlier this month, as Mr. Assia led one of the event’s marquee sessions entitled ‘Opportunities in Crypto in 2019’. The panel discussion brought together crypto aficionados and luminaries, all of which grappled the trajectory of the industry for the year ahead.
In addition to its continued presence at London Summit 2018, eToro also co-hosted the Crypto Trading Floor at the event, which collectively drew upwards of 3,000 attendees. The company also hosted a crypto panel with ForexLive’s Adam Button, which delved into more detail about the highly-visible and transparent nature of eToro’s platform and how that’s the future of trading.
Looking ahead, eToro has strategically positioned itself as a leader in the crypto trading space, with many individuals anxiously awaiting the launch of its Stablecoin and other internal developments.
