'We Remain a Supporter of Crypto, ' Says eToro

Financial trading platform eToro revealed to media outlet Decrypt on Wednesday that the company remains committed to cryptocurrencies and working with regulators, despite the recent high-profile lawsuits brought by the U.S. Securities and Exchange Commission (SEC) against crypto exchanges Binance and Coinbase.

"We remain a supporter of crypto and believe in the importance of offering our users access to a diversified range of asset classes," said a spokesperson for eToro. "This means working closely with regulators globally to shape the future of the crypto industry and champion access for the ordinary investor."

eToro is currently offering 80 cryptocurrencies on its platform, including some SEC-alleged unregistered securities, such as ADA, SOL, ALGO and others.

Founded in Israel in 2007 as a forex trading platform, eToro later supported stock trading. It began serving U.S. consumers as a cryptocurrency platform in 2018. In April this year, the financial company also announced a partnership with Twitter to offer users cryptocurrency investments and real-time prices viewing function on the social media app.

When it comes to the tokens it lists, a spokesperson for eToro said the company has a "framework in place" to review the digital assets it offers "in light of the fact that the regulatory landscape around crypto activities is evolving rapidly."

In fact, eToro isn't the only financial firm bridging the gap between stock trading and crypto assets; in 2018, the company's stock trading rival Robinhood launched Robinhood Crypto, which initially provided users with access to bitcoin and ethereum. Today, Robinhood's cryptocurrency subsidiary offers 18 different tokens, including ADA, MATIC and SOL.

(Source: Decrypt)