eToro is one of the world’s largest multi-asset trading platforms. It pioneered the introduction of cryptocurrencies as CFDs and provided access to this new market for the masses.
They’ve now taken the next step in bringing cryptoassets to a wider audience and given US investors a platform to share trading strategies and copy those who are consistently profitable. The platform will be available in 32 states and allow the trading of 13 cryptoassets, with additional assets to be added in 2019.
The premise is simple, the default setting on each account shares performance related information to the eToro community, this includes an investors track record (as a percentage), their portfolio and when they open and close a trade.
The information on show can help users make more informed decisions on their investments whilst the CopyTrader feature actually allows the user to allocate funds that will trade to the portfolio of another user.
This not only benefits the less experienced investors but those who are being copied and have…