Want to Pocket $500? Open a Crypto Account with eToro

Faucet right into a $500 reward when you open an account with eToro Ltd. EToro presently provides a promotion for U.S. buyers to open cryptocurrency buying and selling accounts with an preliminary deposit of $5,000.

The bonus runs via January and popped up proper when Bitcoin’s worth shot up final week.

As the corporate supplied the $500 reward, it additionally decreased publicity to danger within the enterprise. eToro halted customers’ potential to open new leveraged crypto accounts and allowed clients to leverage their crypto bets as much as two occasions their face worth, in accordance with European and U.Okay. rules.

The corporate additionally notified present clients that they need to improve their margin on deposit to cowl the complete worth of their positions or have them closed.

File Highs

The worth of bitcoin hit a file excessive of over $41,000 on Friday and the digital forex rebounded on Tuesday after a historical past of appreciable volatility. It now has a market worth of over $700 billion, and shoved the whole cryptocurrency market towards $1 trillion for the primary time.

EToro opened over 380,000 new accounts up to now week and a half, and its crypto buying and selling quantity now runs 25 occasions larger than the identical interval in 2020.

Bitcoin skyrocketed over 300% via 2020 and into the brand new yr. It is on observe to publish its second-best week since its December 2017 run up.

eToro Highlights

Based in 2007, eToro was an early mover in offering crypto buying and selling to retail buyers by providing Bitcoin accounts within the U.S. in 2018. With greater than 17 million registered customers primarily in Europe and Asia, the corporate shifted its focus in recent times to inventory buying and selling and plans to introduce that providing within the U.S. later this yr.

EToro’s revolutionary CopyTrader know-how permits anybody to begin buying and selling crypto by copying different merchants mechanically. Merely select a dealer you need to repeat, set an quantity and click on “copy.”

EToro additionally provides: