eToro, the well-known platform for trading securities, cryptocurrencies, and other assets, offers users to earn crypto. How? By following the techniques of famous crypto traders.
eToro has just added a new crypto trading tool called CopyTrader, which tracks the activities of famous traders and allows users to repeat them. The service is now available to customers in the US.
The main task of the CopyTrader tool is to track the activities of famous traders and repeat them.
According to Guy Hirsch, U.S. managing director of eToro: “CopyTrader can help anyone to build their wealth in a simple and transparent way. Users who want to leverage the crypto asset class can now simply look for an investor with a proven track record. And just hit copy to execute the same trades automatically.”
He also added that eToro “had to identify a number of traders with “significant” trading experience and track record.”
Thus, the platform suggests following Nicholas Merten (DataDash), RhythmTrader and martial artist Ben Askren of the Ultimate Fighting Championship.
Alec Baldwin, a famous Hollywood actor, is the ambassador of the new CopyTrader tool. A commercial ad involving him was released on YouTube on Tuesday, October 29th.
About the eToro activities
eToro is an Israeli-based multi-active platform. It provides opportunities for investing in stocks and cryptocurrencies, as well as trading CFD assets.
The cryptocurrency trading option was activated in January 2017. Originally, it offered to trade Bitcoin, Ethereum, Litecoin, and Ripple. Now, you can trade 15 different cryptocurrencies on the platform.
The company has over 11 million permanent users in 140 countries. Besides, its annual trading volume reaches one trillion dollars.
Previously, Altcoin Buzz reported that eToro developed a tool for assessing investors’ sentiments.