eToro reduces its spreads on cryptocurrencies

Email received from eToro:

Dear Trader,

We would like to share some updates regarding crypto trading on eToro. Here at eToro, we are constantly trying to make crypto trading and investing simpler and more accessible to our clients. Therefore, we recently introduced two new updates for trading crypto assets on the eToro platform:

Significant spread reduction

To make crypto trading and investing more accessible, we have reduced the spreads for all crypto assets to no more than 2.9%, including cutting the spread for Bitcoin in half. The reductions include:

BTC - Reduced from 1.5% to 0.75% against all fiat currencies
BCH - Reduced from 5.0% to 1.9%
XRP - Reduced from 3.5% to 2.45%
MIOTA - Reduced from 6.0% to 2.9%
XLM - Reduced from 5.0% to 2.45%
NEO - Reduced from 5.0% to 1.9%

This update is effective immediately. Please review the full list on the Market Hours & Fees page.

eToro has added leveraged crypto positions (Gold and Platinum Clubs exclusively)

eToro clients who are part of the Gold or Platinum Clubs can now trade a variety of crypto assets with 2:1 leverage. Leveraged trading (executed as CFDs) is available for the following crypto coins:

BTC
ETH
XLM
EOS

Best regards,

Avishay Lavi
Director