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As part of our ongoing efforts to make crypto trading and investing simpler and more accessible, we are pleased to share a number of key updates regarding all crypto assets on the platform (crypto coins, crypto/crypto pairs and crypto/fiat pairs):

Significant spread reduction

To make crypto trading and investing more accessible, we have reduced the spreads for all crypto assets to no more than 2.9%, including cutting the spread for Bitcoin in half. The reductions include: • BTC - Reduced from 1.5% to 0.75% against all fiat currencies • BCH - Reduced from 5.0% to 1.9% • XRP - Reduced from 3.5% to 2.45% • MIOTA - Reduced from 6.0% to 2.9% • XLM - Reduced from 5.0% to 2.45% • NEO - Reduced from 5.0% to 1.9% This update is effective immediately. Please review the full list on the Market Hours & Fees page.

Unified overnight/weekend rollover fees for crypto positions

For crypto positions executed with leverage, short (SELL) orders or crypto/crypto pairs, we have unified all rollover fees to an annual fee of 14.9% (adjusted to a daily fee). The rollover fee will apply to all aforementioned crypto positions. The updated rollover fees will come into effect on 18/10/2018. Non-leveraged, long (BUY) positions will not incur a rollover fee.

Leveraged crypto positions (Gold and Platinum Clubs exclusive)

eToro clients who are part of the Gold or Platinum Clubs can now trade a variety of crypto assets with 2:1 leverage. All leveraged crypto positions will incur the rollover fees specified above. Leveraged trading (executed as CFDs) is available for the following crypto coins: • BTC • ETHEREUM • XLM • EOS

Coming soon - eToro wallet

The forex Broker would like to thank all of the users who have taken part in beta testing over the past few months. This process is vital to ensure that the broker provides a wallet that is not only secure and easy to use, but can also support enhanced features. In order to ensure the best customer experience for the clients, the wallet will be launched on a phased basis both in terms of users, with a country by country roll out, and in terms of functionality. The eToro wallet is a mobile application that will be available via Google Play and the Apple App Store. It will provide an easy-to-use customer interface and enhanced security. Multi-signature security gives users the ability to see their on-chain transactions and balances without the fear of losing their private key. At launch, users will be able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in their eToro wallet. As a multi-crypto on-chain wallet, the number of supported cryptos will increase over time as we continue to enhance the wallet’s functionality.

As a regulated platform, there are additional risks in moving crypto from eToro cold storage to a multi-signature crypto wallet from which users can easily transfer their crypto anywhere in the world. Therefore, due to risk management considerations, the ability to transfer crypto from eToro to the wallet will be available up to the total amount which the user has deposited by wire transfer. At launch, the ability to transfer crypto from eToro to the wallet will be available to Platinum Club members for Bitcoin. This will gradually be extended to all users and we will enable the transfer of a greater number of crypto assets.

The wallet is a key step in our vision of opening the global markets for everyone to trade and invest in a simple and transparent way. We are excited not only by the forthcoming launch, but also by the future innovations that we will bring to the wallet which include supporting additional crypto and fiat tokens, the ability to deposit fiat, crypto to crypto conversion, payment in store and more.