eToro to trade 10 cryptocurrencies in the US
One of the biggest trading platforms of Europe will soon launch 10 digital currencies for the United States customers which has been explicitly stated at the Consensus 2018 blockchain conference. The company aims to use:
- Ethereum Classic
- Bitcoin Cash
The list of digital currencies includes most popular altcoins and widely-used hard forks of Bitcoin and Ethereum, it can certainly be called wide. The company will meet a resistance from local rivals like Coinbase and Robinhood, in the end, this competition will only make the U.S. crypto market more developed in comparison to countries where the regulators forbid such environment to appear in the first place.
The crypto market is also slowly being joined by conservative banking and brokerage firms. For example, Goldman Sachs, although not planning to trade cryptocurrencies, will actually try to work with crypto derivatives - such assets allow to engage with the market indirectly. NASDAQ does not exclude the direct work with cryptocurrencies in the far future when the market matures. This trend combined with the one described above will be the main driver of the market capitalization growth.
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