💱 eToro Launches Crypto-to-Fiat Conversion for UK & EU Users

eToro, the popular trading platform, has rolled out crypto-to-fiat conversion for users in the UK and Europe. This feature allows investors to transfer BTC and ETH from external wallets to their eToro Crypto Wallet and convert them into GBP or EUR, unlocking new investment opportunities across multiple asset classes.

🚀 Key Highlights of eToro’s Crypto-to-Fiat Feature

• Users can now transfer BTC & ETH from external wallets to eToro’s platform.
• Crypto can be converted into GBP or EUR for reinvestment, withdrawals, or spending via eToro’s debit card (UK only).
• Conversion fees range from 0.6% to 1%.
• Exclusive rollout to Diamond Club members first, with broader access expanding soon.

According to Doron Rosenblum, EVP of Business Solutions at eToro, this feature caters to a new generation of crypto-native investors looking to diversify into traditional assets.

📈 ** This Matters for Investors**

• Diversification: Crypto holders can convert gains into fiat and invest in stocks, ETFs, commodities, and more on eToro.
• Flexibility: Funds can be withdrawn as cash or used via eToro’s debit card for UK users.
• Security & Compliance: eToro recently secured CySEC approval under the MiCA framework, ensuring compliance across the EU.

With over 38 million users across 75 countries, eToro continues to solidify its position as a multi-asset investment leader.

📊 eToro’s IPO & Financial Growth

• eToro has filed for an IPO on Nasdaq (Ticker: ETOR) to fuel global expansion.
• Net income surged to $192.4M, up from $15.3M a year ago.
• Backed by Goldman Sachs, Jefferies, UBS, and Citigroup as underwriters.

These moves position eToro at the forefront of digital asset investment, providing users with greater financial flexibility while reinforcing its dominance in global markets.

⚙️ TL;DR

• eToro now allows crypto-to-fiat conversions (BTC & ETH → GBP/EUR) for UK & EU users.
• Feature rolls out to Diamond Club members first, expanding soon.
• eToro secures MiCA regulatory approval in the EU and files for a Nasdaq IPO.
• New financial flexibility for investors to reinvest, withdraw, or spend crypto gains.

With these strategic moves, eToro is strengthening its leadership in the global financial ecosystem. 🚀