eToro Launches Cryptocurrency Spot Trading in Germany Using DLT Finance

According to Wu Shuo, as reported by Financefeeds, the Israeli online trading platform eToro has announced the launch of cryptocurrency spot trading services in Germany. Previously, German customers could only trade cryptocurrency contracts for difference (CFDs). eToro is collaborating with two local companies regulated by BaFin: DLT Finance is responsible for executing spot trades, while Tangany is in charge of digital asset custody. Users must agree to the terms of service from the three parties in order to trade, and eToro plans to charge a 1% transaction fee. It is worth noting that eToro had previously transferred cryptocurrency custody in Germany to Tangany earlier this year.