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eToro Rewards Crypto Deposits with 1% Back in Stocks in the UK and Europe
eToro, the trading and investing platform, today unveiled a new benefit for users in the UK and Europe, offering 1% in stock rewards when depositing cryptoassets to their GBP or EUR accounts via the eToro Crypto Wallet. At the same time, eToro is expanding its crypto deposit service, enabling users to transfer and exchange a broader range of coins.
Doron Rosenlum, EVP, Business Solutions at eToro said: “Many investors first entered the markets through crypto and are now looking for ways to reinvest those gains into other asset classes. Being a multi-asset platform with stocks from over 20 exchanges, we are able to reward users with stock-back in domestic equities on crypto deposits. By bridging digital assets with traditional markets, this benefit will help investors explore new opportunities and unlock more value from their holdings while building long-term, diversified portfolios.”
When transferring eligible cryptoassets to their eToro Crypto Wallet and converting them to GBP or EUR, users will be rewarded with 1% back on the conversion in a local stock of their choice which will be added to their trading account. Users in the UK can choose from a selection of leading UK-listed stocks, while users in Europe can choose from a selection of leading European-listed stocks.
In addition to bitcoin (BTC), ethereum (ETH), eligible eToro users are now able to transfer XRP, USDC, Polygon (POL), Chainlink (LINK), Aave (AAVE), Uniswap (UNI) and Fetch.ai (FET) from external wallets or exchanges to their eToro Crypto Wallet. They can then convert their holdings to GBP or EUR, and use the funds to invest it in any instruments on eToro’s investment platform.
Doron Rosenblum adds: “Today’s announcement follows our strategy to open the global markets. We believe that this offer will motivate more users to diversify their portfolios beyond just crypto.”
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