eToro Introduces Trade Copying Facility for Cryptocurrency Traders in US
eToro, the international trading platform, introduced CopyTrader in the US, facilitating traders to mechanically copy the trades made by chosen crypto traders on the eToro platform.
Using the Copy Traders tab, users can select from a list of Popular Investors for copying trades on real-time basis.
The group of qualified traders includes crypto enthusiasts such as Nicholas Merten, who hosts YouTube channel DataDash, and #11 Ranked Welterweight UFC fighter Ben Askren.
With followers totalling more than 1 million, these two are handpicked to be copied by the eToro members for their contribution in fostering the crypto ecosystem.
CopyTrader socializes investment portfolio handling for all kinds of investors. Trades are processed in real time at the same price and in proportionate amount, facilitating eToro user to implement an identical strategy of established crypto investors. Users of the facility will have total control of their account and can terminate copying a trader totally at any given time.
The latest tool for retail clients is being marketed in an exemplary manner. To inform the roll out of CopyTrader in the US, eToro collaborated with Alec Baldwin on a number of ad spots to popularize the feature. This junction between crypto and Hollywood is a noteworthy progression of mainstream adoption of crypto.
Yoni Assia, Co-founder & CEO of eToro, stated
“CopyTrader empowers the eToro community to collaborate in improving the experience of investing for traders of all levels of experience. Our traders are able to comment, share, and engage with each other in a way that’s unique across all asset classes. We built CopyTrader to bring the tremendous value of network effects inherent to social platforms into the world of investment advice.”
Crypto traders who are enrolled in the Popular Investor program can earn rewards for getting copied by other traders of the eToro community. The company has committed to lure top crypto traders across the US, providing them with advanced charting facilities and social network scalability to assist them further in generating revenue from their trading profession.
Guy Hirsch, US Managing Director of eToro, stated
“CopyTrader can help anyone to build their wealth in a simple and transparent way. Users who want to leverage the crypto asset class can now simply look for an investor with a proven track record and just hit copy to execute the same trades automatically. CopyTrader allows users with less time or expertise to connect with users who have demonstrated capabilities in the trading space, all on one platform.”