eToro Expands Crypto Services with Spot Trading in Germany
The post eToro Expands Crypto Services with Spot Trading in Germany appeared on BitcoinEthereumNews.com.
The popular social trading and investing platform eToro has now revealed that it is increasing its cryptocurrency services in Germany, where customers can now trade crypto spot products via a new agreement with DLT Finance. Before now, German customers of eToro could only engage in trading of cryptocurrency CFDs. The new offer now enables them to engage directly in cryptocurrency trading. The partnership with DLT Finance and Tangany for custody services is great news for eToro’s German customers in the crypto sector. Spot Trading Made Possible by DLT Finance With DLT Finance, eToro is offering its users the ability to trade cryptocurrency directly. Meaning spot trading, which adds a layer to the existing selection of crypto CFDs. DLT Finance will intermediate every crypto trade and see to it that the transaction is properly facilitated. Also, Tangany will remain responsible for cryptocurrency custody, which means that clients’ digital assets will be kept safe. German customers shall agree to new Terms and Conditions from eToro, DLFinance, and Tangany to use the new products. If clients fail to adhere to the verification process, they shall be restrained from trading or selling the cryptocurrencies until the verification is done. However, users can withdraw supported digital assets to other compliant German-located custodians if they choose to do so. New features that have been added or removed include limit orders, stop-loss, and take-profit for spot crypto trading under DLT Finance. However, these features will continue to be available for the CFD positions. This development of spot trading opens up more choice and freedom for German traders, and they no longer have to engage with the crypto market via derivatives. This change is a positive development for German users and trading strategies in particular. Privacy and Security Measures Data protection concerns will also be addressed in the…
Filed under: News - @ September 25, 2024 10:23 am