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eToro Launches Direct Crypto Trading in Germany

25.09.2024 20:30 2 min. read Alexander Stefanov
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eToro Launches Direct Crypto Trading in Germany

eToro, a leading social trading platform, has expanded its crypto services in Germany by introducing spot trading through a new partnership with DLT Finance.

Previously, German users could only trade CFDs on cryptocurrencies, but this new agreement allows them to trade cryptocurrencies directly. DLT Finance will facilitate all transactions, while Tangany will provide custody services to ensure the safety of customers’ digital assets.

In order to access these new services, German clients must accept the updated Terms and Conditions from eToro, DLT Finance and Tangany. If users fail to complete the verification process, they will not be able to trade or sell cryptocurrencies until the process is complete. However, if they wish, they can withdraw their digital assets with other regulated custodians.

New features for spot trading include limit orders, stop-loss and profit-taking options that offer German traders more control and flexibility compared to crypto CFDs.

Privacy and security remain a priority, with eToro ensuring that only essential customer information is shared with its partners, in line with data protection policies. Users can also transfer assets to other portfolios or regulated custodians, although this may incur fees.

This development is part of eToro’s broader strategy to expand its cryptocurrency offering. Despite recent restrictions in countries such as France and Australia, eToro’s partnership with DLT Finance reflects the company’s commitment to developing its crypto services in regions such as Germany, where interest is growing.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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