eToro Introduces Spot Crypto Trading in Germany Through Regulated Partnerships

eToro Introduces Spot Crypto Trading in Germany Through Regulated Partnerships

eToro, a leading multi-asset investing platform, has officially launched spot cryptocurrency trading in Germany, expanding its services for German users who were previously limited to cryptocurrency contracts for differences (CFDs). According to FinanceFeeds, this new offering is enabled through partnerships with two companies regulated by Germany’s Federal Financial Supervisory Authority (BaFin): DLT Finance and Tangany.

This move opens up spot trading options for German investors, allowing them to directly buy and sell cryptocurrencies, a significant step forward from the previously available CFD trading.

Spot Crypto Trading Now Available in Germany

Until now, German eToro users could only access the cryptocurrency market through CFD instruments, which track the price of digital assets but do not involve direct ownership. With the introduction of spot crypto trading, eToro users in Germany can now buy, hold, and trade actual cryptocurrencies through the platform, adding a new layer of flexibility and access to digital assets.

The launch of spot trading is supported by partnerships with BaFin-regulated companies: DLT Finance, which manages trading execution, and Tangany, which provides digital asset custody. These partnerships ensure that eToro adheres to German regulatory standards and offers a secure, compliant service for users.

Partnerships with BaFin-Regulated Firms Ensure Compliance

In line with Germany’s strict financial regulations, eToro has partnered with DLT Finance and Tangany to facilitate its spot trading offering. DLT Finance handles the trading execution, ensuring seamless transactions, while Tangany provides secure custody services for the digital assets, safeguarding users’ investments in accordance with BaFin’s regulatory framework.

These partnerships are crucial to maintaining a regulated environment for cryptocurrency trading in Germany, giving investors confidence in the security and compliance of their transactions on eToro.

Expanding Access to Cryptocurrency Markets

The launch of spot crypto trading in Germany is part of eToro’s broader strategy to expand its offerings and provide users with more direct access to the cryptocurrency markets. This move is expected to attract a wider audience of investors who prefer to own digital assets outright rather than trading derivatives like CFDs.

With spot trading, German users can now fully participate in the crypto ecosystem, buying, holding, and selling a variety of cryptocurrencies through eToro’s user-friendly platform.

Conclusion: eToro Expands Crypto Offering in Germany

The introduction of spot cryptocurrency trading on eToro marks a significant milestone for German investors, who now have the ability to directly trade and hold cryptocurrencies on the platform. Through partnerships with BaFin-regulated firms DLT Finance and Tangany, eToro ensures that its new service is compliant with German financial regulations and provides a secure environment for digital asset trading.

This expansion aligns with eToro’s commitment to offering a wide range of investment options while adhering to local regulatory standards.

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To learn more about the latest advancements in cryptocurrency trading and regulatory updates, explore our article on the latest news, where we cover key developments in digital asset markets and compliance.