eToro, a social trading platform based in Israel, launched its CopyTrader feature for cryptocurrency traders in the United States.
The feature will enable eToro users to copy the trades of the top digital currency traders on its platform. The platform also includes other information and strategies that are used in trading portfolio as well as the number of followers.
Users choose the traders they want to copy, pay at least US$200 to follow a trader, and copy everything they do automatically. The platform will manage your copytrading portfolio. With the platform, users have full control of their account. They can stop copying a trader, at any time, when they see the prices are downward.
eToro claims that their services are better than Coinbase. For instance, the platform can trade over 15 currencies, and the platform is a social venue where traders can meet and share their information with one another. eToro also has other features such as portfolio management, trading simulation program, and trading analysis.
eToro CopyTrader feature for stock trading is available for quite some time now, but this will be its first time for digital currencies. The company also plans to tokenize 12 other eToro assets such as conventional money, gold, and silver by 2020.