Crypto trading platform eToro has announced that its crypto wallet eToroX had officially been granted a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC).
eToro is crypto-related social trading and multi asset brokerage company that has registered offices in Cyprus, Israel, and the United Kingdom.
The announcement states the eToro Wallet was created specifically "in order to further define and execute eToro’s vision using blockchain and the development of cryptoassets."
The founder and CEO of eToro, Yoni Assia, says the company is proud to be amongst "the first companies in the world to obtain a license for cryptoassets and one of very few regulated companies in the crypto space."
The announcement states the wallet now supports bitcoin (BTC), ethereum (ETH) and ripple (XRP). As a special offer, for a limited period of time, no fees will be charged for XRP wallet creation or for XRP coin transfer, the announcement highlights.
Earlier, Mati Greenspan, eToro senior market analyst, published data in which stated that clients of the Tel Aviv-based service are actively using the current position of the crypto market.
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