eToro launches cryptocurrency spot trading service in Germany

2024-09-24 21:10:08

Collection

ChainCatcher news, according to FinanceFeeds, eToro has expanded its cryptocurrency offerings in Germany by launching a spot trading service, whereas previously German users could only trade cryptocurrency contracts for difference (CFDs) on the platform. eToro announced that it has partnered with two local companies regulated by BaFin to support the spot cryptocurrency trading service, with DLT Finance responsible for spot trade execution and Tangany handling digital asset custody.

Under the new arrangement, German traders will interact with DLT Finance as their counterparty, while Tangany will hold their cryptocurrency assets on behalf of eToro. To trade, users need to agree to the terms of service of the three entities (eToro, DLT Finance, and Tangany), and eToro plans to charge a 1% fee on cryptocurrency transactions.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.

2024-10-13 17:25

ZachXBT: Recently, there has been an increase in robbery incidents targeting cryptocurrency traders

2024-10-13 15:03

Trader Ansem: Meme coins account for only 2.5% of the total cryptocurrency market value, still have growth potential

2024-10-13 14:47

The South African Revenue Service is incorporating cryptocurrency into its compliance program and is seeking user information from relevant service providers and the FSCA

2024-10-13 12:04

Mention the project

eToro Social trading and multi-asset investment company