24 March, 2025: eToro, the trading and investing platform, announced today that users in the UK and Europe can now transfer cryptoassets held with other exchanges, brokers, or in other blockchain wallets to the eToro Crypto Wallet, where they can convert their holdings to cash, in order to trade and invest across multiple asset classes on eToro’s investment platform.
“We’ve seen a new generation of people get into investing through crypto. As they mature as investors and look for ways to use their cryptoassets for trading and investing, eToro is well-equipped as a multi-asset platform to help them put their crypto to work, explore new investment opportunities and build diversified portfolios,” said Doron Rosenblum, EVP, Business Solutions at eToro.
“With many cryptoassets reaching new all time highs but also experiencing strong volatility, the launch of crypto-to-fiat conversions on eToro means investors can use us as an ‘off-ramp’ to harness their gains and diversify into other asset classes through our multi-asset platform.”
Eligible eToro users holding Bitcoin (BTC) or Ethereum (ETH) on external wallets or exchanges can transfer these cryptoassets to their eToro Crypto Wallet and convert them to their local currency within their GBP or EUR account. This can then be easily reinvested into any of the instruments available on eToro’s platform, be withdrawn as cash, or spent via their GBP or EUR account, or eToro debit card (for UK users).
This feature will be rolled out gradually to members of the eToro Club, starting with Diamond Club members in the UK and Europe. Conversion fees range from 0.6% to 1%. Terms apply.
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About eToro
eToro is a trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 38 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
CySEC:
Rest of EU: Crypto investments are risky and highly volatile. Tax may apply. It is important to read and understand the risks of this investment, which are explained in detail at this link
Spain: Investments in crypto-assets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost. It is important to read and understand the risks of this investment, which are explained in detail at this link
France: Crypto investments are risky and highly volatile. Tax may apply. It is important to read and understand the risks of this investment, which are explained in detail at this link.
UK:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Other fees apply. Take 2 mins to learn more
Regulation and Licence numbers
UK
eToro (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (“FCA”). Firm Reference Number: 583263. Registered in England under Company No. 07973792
eToro (UK) Ltd is registered with the Financial Conduct Authority to offer cryptocurrency services under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
eToro Money UK Ltd, is authorised and regulated by the Financial Conduct Authority for the provision of electronic money and payment services, with Firm Reference Number 900923. Registered in England & Wales under Company No. 07712717. Registered Office: Maclaren 3b – Lancastrian Office Centre Talbot Road, Stretford, Manchester, M32 0FP, England.
Europe
eToro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10. Registered in Cyprus under Company No. HE 200585.
The wallet is provided by eToro X Limited (“eToroX”), a limited liability company incorporated in Gibraltar.
eToroX is authorised and regulated by the Gibraltar Financial Services Commission as a distributed ledger technology provider, with Financial Services Commission licence No. 1333B. Registered in Gibraltar under Company No. 116348. Registered Office: 57/63 Line Wall Road, Gibraltar.