eToro has expanded its cryptocurrency offerings in Germany by launching spot trading services. German users can now engage in cryptocurrency spot trading on the platform, in addition to trading Contracts for Difference (CFDs). eToro has partnered with two local companies regulated by BaFin to support its spot cryptocurrency trading service. DLT Finance will be responsible for executing spot trades, while Tangany will handle the custody of digital assets. German traders will interact with DLT Finance as their counterparty, and Tangany will hold their cryptocurrency assets on behalf of eToro. Users must agree to the terms of service of eToro, DLT Finance, and Tangany to trade. eToro plans to charge a 1% fee on cryptocurrency transactions.

Odaily Planet Daily reports that eToro has expanded its cryptocurrency offerings in Germany by introducing spot trading services, whereas previously, German users could only trade cryptocurrency contracts for difference (CFDs) on the platform. eToro has announced partnerships with two local firms regulated by BaFin to support its spot cryptocurrency trading services, with DLT Finance responsible for executing spot trades and Tangany handling digital asset custody.

Under the new arrangement, German traders will interact with DLT Finance as their counterparty, while Tangany will hold their cryptocurrency assets on behalf of eToro. To execute trades, users must agree to the terms of service of the three entities (eToro, DLT Finance, and Tangany). eToro plans to charge a 1% fee on cryptocurrency asset trades. (Financefeeds)

eToro Launches Cryptocurrency Spot Trading Services in Germany