A huge multi-asset brokerage company is planning to launch cryptocurrency exchange.
– e-Toro has been eyeing on launching their first cryptocurrency exchange.
– Yoni Assia is the co-founder and CEO of e-Toro.
– Assia believes that in the near future, all assets will become digital.
Last March, e-Toro was able to raise their assets by $100 million, and the retail investor plans to launch their first-ever cryptocurrency exchange.
The plan is to set up the platform and a digital wallet available to all users by the end of this year; which is subject to approval as of the moment. The group said on Tuesday that it would set up the platform and a digital wallet for users later this year, subject to regulatory approval. Aside from that, they also plan to launch a cryptocurrency trading platform in U.S businesses.
This plan was conceived amidst the increasing need for digital currency within retail investors. There are some issues that need to be reconsidered, like the volatility of assets in the cryptocurrency market and the risks involved in the trading system.
An article by Fareed Sahloul give us full details here – https://www.fnlondon.com.