eToro, a popular trading platform, has unveiled a major update for its users in Germany. eToro partnership with DLT Finance offers to trade cryptocurrencies directly. This means that German users can now access crypto spot trading, a shift from only being able to trade cryptocurrency CFDs in the past.
Spot Trading Now Available in Germany
eToro is broadening its services for German users by teaming up with DLT Finance, a local financial firm that focuses on digital assets. Through this partnership, eToro now offers German customers access to trade cryptocurrencies directly on its platform. This gives users more control by enabling real-time spot trading, unlike the previous facilities which relied on derivatives. DLT Finance will handle the transactions, ensuring that the trading process is seamless and efficient.
Beyond DLT Finance, eToro partnership with Tangany offers enhanced security for user crypto holdings. Tangany’s specialized custody solutions provide a robust shield against hacking and theft.
German customers willing to access these new services need to go through new terms and conditions from eToro, DLT Finance, and Tangany. Only the verified user accounts following the following terms and conditions of service providers will be allowed to trade their cryptocurrencies.
eToro Partnership Offers New Trading Features and Options
eToro partnership with DLTF offers spot trading backed by new features, such as setting limit orders, stopping losses, and taking profits for spot crypto trades. However, these features will not apply to CFD positions.
This change is seen as a positive development for eToro’s German users, as it provides them with more options for trading in the crypto market. Previously, users were limited to derivatives trading, but now they can directly engage in the market.
In addition, users can move their cryptocurrency holdings to other approved custodians in Germany adding flexibility and freedom to traders in managing their assets. However, this process will be managed by Tangany and will involve a fee.
Privacy and Data Protection
The new partnership makes eToro responsible for following strict data protection standards. Only necessary customer information will be shared with DLT Finance and Tangany, and all data will be managed according to privacy rules. This step ensures the protection of users’ information even with the new changes.
This expansion in Germany shows eToro’s commitment to providing more options for its users, especially in countries with high interest in cryptocurrency. The recent addition of staking for Solana and Ethereum also indicates eToro’s growing portfolio of crypto products.
German users of eToro can now enjoy the benefits of spot cryptocurrency trading, thanks to the new partnership with DLT Finance and Tangany. This development offers more flexibility, better security, and a wider range of trading options. As eToro continues to expand, its German users are set to benefit from even more features shortly.
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