eToro has launched spot trading for cryptocurrencies in Germany, shifting from its previous model of only allowing contracts for differences (CFDs). The Israeli broker has partnered with local firms DLT Finance for trading and Tangany for custody services, both regulated by BaFin.
German customers will have DLT Finance as their trading counterparty, with digital assets stored by Tangany. Initially, eToro will charge a 1% fee for transactions, subject to future changes.
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This expansion follows eToro’s recent settlement with the SEC, where it agreed to pay $1.5 million and reduce its crypto offerings in the US. Earlier this year, the broker also limited non-leveraged CFD crypto trading in France and Australia while maintaining physical trading options.
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