eToro Expands Crypto Services with Spot Trading in Germany

The popular social trading and investing platform eToro has now revealed that it is increasing its cryptocurrency services in Germany, where customers can now trade crypto spot products via a new agreement with DLT Finance.

Before now, German customers of eToro could only engage in trading of cryptocurrency CFDs. The new offer now enables them to engage directly in cryptocurrency trading. The partnership with DLT Finance and Tangany for custody services is great news for eToro’s German customers in the crypto sector.

Spot Trading Made Possible by DLT Finance

With DLT Finance, eToro is offering its users the ability to trade cryptocurrency directly. Meaning spot trading, which adds a layer to the existing selection of crypto CFDs. DLT Finance will intermediate every crypto trade and see to it that the transaction is properly facilitated.

Also, Tangany will remain responsible for cryptocurrency custody, which means that clients’ digital assets will be kept safe. German customers shall agree to new Terms and Conditions from eToro, DLFinance, and Tangany to use the new products.

If clients fail to adhere to the verification process, they shall be restrained from trading or selling the cryptocurrencies until the verification is done. However, users can withdraw supported digital assets to other compliant German-located custodians if they choose to do so.

New features that have been added or removed include limit orders, stop-loss, and take-profit for spot crypto trading under DLT Finance. However, these features will continue to be available for the CFD positions.

This development of spot trading opens up more choice and freedom for German traders, and they no longer have to engage with the crypto market via derivatives. This change is a positive development for German users and trading strategies in particular.

Privacy and Security Measures

Data protection concerns will also be addressed in the new partnership as they were in the old one. For compliance purposes, eToro will only disclose to DLT Finance and Tangany such customer information as may be necessary for the provision of the services.

All data will be processed in compliance with the privacy policies. The update also allows clients to withdraw the crypto assets to other wallets or other regulated custodians. Transfer of such ownership shall be done by the users via instructions to Tangany and will attract a fee.

The Growth Of eToro In the Cryptocurrency Market

This comes after a series of changes in eToro’s global cryptocurrency trading services. In the past month alone, the platform has limited non-leveraged crypto trading in France and Australia.

It has had to restructure some of its services in the US following a settlement with the SEC. However, this German expansion shows that the broker is interested in expanding its list of offered cryptocurrencies, especially in areas with increasing interest.

Also, the recent addition of staking to Solana and Ethereum on eToro is a clear indication of the expansion of its crypto products. This is because it has aligned with local-regulated platforms such as DLT Finance and Tangany to provide a trading experience that is in line with German laws.

Additional Features for the German Trader’s Section

German users will also be able to enjoy continued use of the eToro platform’s user-friendly interface while they engage in the new spot trading services offered on the platform. CopyTrader will be unavailable for crypto spot trading features, but investors can still copy CFD positions, thus maintaining some level of consistency in trading.

The collaboration with DLT Finance can be considered as the new stage of eToro’s services, which adapts to the needs of the contemporary cryptocurrency market. It will thus come as no surprise if there are more features and services to look out for in the future as the platform continues to expand the number of trading options for its international clientele.