The EToro Develops a Blockchain Solution for Stock Exchanges Avoiding
EToro said it is going to create a separate resource for trading outside the exchanges. The reason is hidden in the needs of hedge funds.
Over-the-counter sales are considered highly profitable entrepreneurial sphere of activity, since it is very profitable to trade with the solid asset without increasing volatility in the market.
Motivated by this, the eToro team decided to develop its solution for trading off-exchange.
The unit for interaction with major investors is planning to deploy in London.
The first stage of the project implementation is that the team will create special accounts with separate conditions on the common eToro platform.
The reason for finding solutions was the demand for such a service among the founders of hedge funds. Despite the fact that most of the funds did not provide income, they are still interested in entering the investment market.
Currently, investors on eToro are able to trade with Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Ethereum Classic (ETC), Dash (DASH), Stellar (XRM), NEO (ENO), and EOS (EOS). And also use of a mobile wallet.
In the near future, on the basis of the eToro site, the digital assets exchange will start.