eToro broker aims to extend its trades on US stocks and ETFs to meet the growing demand. Now US clients will be able to invest in fractional stocks.
One of the leading global brokers, eToro, has expanded its offering in the United States by adding several new US stocks and ETFs. In addition to crypto products, eToro clients can now diversify their portfolios through investing in stocks and exchange-traded funds (ETFs).
Crypto and Stocks in One Application
Despite the recent increase in the popularity of crypto assets among investors, the eToro survey shows that traders who invest in cryptocurrencies are more likely to diversify their portfolios over time. Based on the survey results, almost 56% of respondents said that apart from crypto, they also plan to invest in stocks and ETFs.
Lule Demmissie, CEO of eToro US commented that for many new investors, crypto is a gateway to investing in stocks, which eToro hopes this trend will continue. Apart from expanding its offerings within the crypto market, the company also wants to empower US users to expand their investment journey on the eToro platform and engage with their social community.
The company reveals how important diversification is in the trading industry. eToro mentions that its US-based clients are now able to combine crypto and stocks in one portfolio.
The addition of the eToro stock product aims to empower millions of American clients to manage a diversified investment portfolio that includes traditional assets and crypto assets side by side in one easy-to-use application.