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eToro launches direct share investing and cryptocurrency trading into one platform

The trading platform, which was best known as a provider of CFD trading, has said it will absorb the cost of stamp duty on its customer’s share purchases in the UK
Customers will now be able to hold a range of trading and investment types in one portfolio

eToro on Wednesday announced that it has expanded the services it offers customers, allowing investors to trade equities directly.

Additionally, the trading platform, which was best known as a provider of CFD trading, has said it will absorb the cost of stamp duty on its customer’s share purchases in the UK.

Making it easy to invest

It comes after eToro previously enabled cryptocurrency trading for its customers.

Customers will now be able to hold a diverse range of trading and investment types, including Bitcoin and exchange-traded funds, all in one portfolio.

“eToro enables people to invest in the assets they want to own, from newly available assets such as cryptocurrencies to more traditional options like shares or commodities,” said Yoni Assia, eToro chief executive.

“We want investors to be able to hold all these assets in a single portfolio.”

He added: “We’re making it easy to invest, and that means rethinking some of the outdated practices investors might be used to from other investment providers. It also means we’ll continue to expand the range of assets we make available to our 10 million users.”

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