eToro
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New Crypto Trading Pairs: Here’s Everything You Need to Know

As part of our ever-growing selection of crypto assets for trading and investing, eToro has launched a total of 14 new cryptocurrency trading pairs on the platform. These additional instruments will enable you to achieve greater diversification, explore new markets and add more depth to your crypto portfolio.

What is a cryptocurrency trading pair?

A trading pair is two different types of currency that are being traded one against the other. By default, the fiat currency that all cryptocurrencies are paired with for trading is the US dollar. There are, however, advantages to trading cryptos against other fiat currencies, as well as against other cryptos.

65% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.

Crypto/fiat pairs

When the dollar rises or falls, other currencies are not necessarily driven by the same factors. The ability to trade cryptocurrencies against a fiat currency other than the dollar, such as the euro, the British pound or the Japanese Yen, may enable traders to take advantage of a wider range of market activity beyond that of the greenback’s alone.

The pairing of a crypto with a fiat currency presents an array of investment opportunities since cryptos and fiat currencies operate in different markets. For example, after the Brexit vote of 2016, the GBP crashed and the euro gained tremendously. However, Bitcoin did not show a significant price change at the time. In contrast, when the Chinese government banned ICOs, the entire crypto market tumbled, while the mainstream currency market was not affected.

In addition to BTC/EUR and ETH/EUR, eToro users may now choose to trade the following crypto/fiat currency pairs:

CRYPTO/FIAT CURRENCY PAIR SPREAD
ETH/GBP (Ethereum/British Pound) 2%
BTC/GBP (Bitcoin/British Pound) 1.5%
EOS/GBP (EOS/British Pound) 3%
XRP/GBP (XRP by Ripple Labs/British Pound) 3.5%
ETH/JPY (Ethereum/Japanese Yen) 2%
BTC/JPY (Bitcoin/Japanese Yen) 1.5%
EOS/JPY (EOS/Japanese Yen) 3%
XRP/JPY (XRP by Ripple Labs/Japanese Yen) 3.5%

All crypto/fiat pairs are traded as CFDs without leverage. BUY positions carry no overnight fees; SELL positions will carry a 25% annual overnight fee, charged from 27 Aug 2018 and updated once every two weeks.

 

Crypto/crypto pairs

The ability to trade crypto to crypto pairs also allows investors more options for diversification and depth within their cryptocurrency portfolio, regardless of activity in the fiat currency market.  

Choose to trade from the following crypto/crypto pairs:

CRYPTO/CRYPTO PAIR SPREAD
ETH/BTC (Ethereum/Bitcoin) 2%
ETH/EOS (Ethereum/EOS) 3%
ETH/XLM (Ethereum/Stellar) 5%
BTC/EOS (Bitcoin/EOS) 3%
BTC/XLM (Bitcoin/Stellar) 5%
EOS/XLM (EOS/Stellar) 5%

All crypto/crypto pairs will be available for trading at leverage X1 or leverage X2 and will carry a 25% annual overnight fee, charged from 27 Aug 2018.

Please note: Each pair has a limited daily invested amount on eToro. This limit will be $25,000 for all eToro users, and a $200,000 limit for Platinum members, applied per instrument, per client ID. When each pair reaches its daily limit, it will be closed for new investors and reopened the following day. Therefore, it may be periodically unavailable for investments throughout the day.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro also offers the ability to buy stocks and ETFs. Only 33% of clients who invest in equities lose money with this provider.
Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework.

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