ETOROX ANNOUNCES THE LAUNCH OF ITS WALLET APPLICATION FOR THE DIRECT PURCHASE OF CRYPTOCURRENCIES

  • All available cryptoactives in the eToro portfolio (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin and XRP) can now be purchased directly in the application using a credit or debit card
  • “Just as eToro has opened traditional markets for investors, we want to do the same in a ‘tokenized’ world and the creation of eToroX and the eToro portfolio will help us to achieve this”
  • “Eliminating the obstacles when buying cryptocurrencies will help to promote a massive adoption of this practice”

eToroX, the digital asset subsidiary of eToro’s global investment platform, has announced that eToro portfolio users can now buy cryptoactives directly through the application of the portfolio.

All available cryptoactives in the eToro portfolio (currently Bitcoin, Ethereum, Bitcoin Cash, Litecoin and XRP) can now be purchased directly in the application using a credit or debit card (Visa, Visa Electron, Visa Plus, MasterCard, Maestro and Cirrus). Currently purchases can be made in euros or pounds sterling.

“We are delighted to have provided users of our portfolio with a way to buy cryptocurrencies within our application.” A key barrier to the dominant adoption of cryptoactives is the user experience, and this new functionality allows people to buy cryptocurrencies directly from This is exactly how users expect to be able to carry out transactions online, “said Doron Rosenblum, managing director of eToroX.

“Just as eToro has opened traditional markets for investors, we want to do the same in a ‘tokenized’ world, and the creation of eToroX and the eToro portfolio will help us to achieve this, and we believe that cryptoactives and blockchain technology In the future, all the assets will be tokenized and right now we are just taking the first steps in this challenge, eliminating the obstacles when buying cryptocurrencies will help to promote a massive adoption of this practice, “he said. For his part And oni Assia, co-founder and CEO of eToro.

eToroX has partnered with Simplex, a licensed financial institution, which combines payment processing with state-of-the-art fraud prevention technology as part of the enabling process for this new functionality.