eToro has expanded its cryptocurrency offering in Germany with the launch of a spot trading service, where users were previously only able to trade cryptocurrency contracts for difference (CFDs) on the platform. eToro announced that it has partnered with two local BaFin-regulated companies to support spot cryptocurrency trading services, with DLT Finance responsible for spot trade execution and Tangany for digital asset custody.
Under the new arrangement, German traders will interact with DLT Finance as their counterparty, while Tangany will hold their cryptocurrency assets on behalf of eToro. To trade, users need to agree to the terms of service of these three entities (eToro, DLT Finance, and Tangany), and eToro plans to charge a 1% fee for cryptoasset transactions. (Financefeeds)
eToro launches cryptocurrency spot trading service in Germany
2024-09-24 13:08:18
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