eToro Analyst: Clients Buying Bitcoin, EOS and XRP as the Market Falls


Bitcoin (BTC) has suffered another major sell-off over the last week, dropping nearly 24% over the period. Major altcoins, outside of XRP (XRP), have performed just as bad or worse.

However, according to data recently published by eToro senior market analyst Mati Greenspan, it looks like investors on the Tel Aviv-based trading app have taken the price dip as an opportunity to add to their positions in Bitcoin, EOS and XRP.

It’s important to note that eToro leverages a custodial setup, where investors do not actually own the cryptocurrencies. Instead, eToro is in direct control of all funds to facilitate the straightforward trading found within the app.

The company also recently announced the release of the eToro Wallet, a cryptocurrency wallet that combines an easy to use customer interface with enhanced multi-signature security. The initial launch came with support for Bitcoin, Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH).

More: eToro Analyst Mati Greenspan’s Post

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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