Coinspeaker eToro Expands Crypto Offering in Germany through Strategic Partnership with DLT Finance
eToro, a leading global crypto trading platform, has taken a significant step to expand its offerings to German customers by partnering with DLT Finance. The collaboration will allow the companyâs clients in Germany to trade digital assets directly through DLT Finance, which will serve as the counterparty for all trades.
According to a recent announcement, the new service is expected to launch in the coming weeks. Before now, eToroâs customers in Germany were only able to trade cryptocurrency CFDs (Contracts for Difference), which allowed them to speculate on the price movements of crypto assets without actually owning them. However, through this partnership with DLT Finance, customers will have access to a broader range of digital assets such as Bitcoin BTC $63 741 24h volatility: 0.4% Market cap: $1.26 T Vol. 24h: $28.22 B , Ethereum ETH $2 657 24h volatility: 0.2% Market cap: $319.92 B Vol. 24h: $16.30 B .
eToro Names Tangany as Custody Partner
Under the terms of the partnership, eToro will provide users with a regulated platform to trade cryptocurrencies while DLT Finance will handle the execution of these trades. Additionally, both companies have selected Tangany GmbH as the custody partner for the digital assets.
Both Tangany and DLT Finance are regulated by the German Federal Financial Supervisory Authority (BaFin), providing an added layer of security and compliance.
However, to start trading cryptocurrencies under this new system, eToro users in Germany will need to agree to new Terms and Conditions from eToro, DLT Finance, and Tangany. They may also need to complete a video identification process for verification purposes.
Costs and Privacy Considerations
While this partnership offers new opportunities, it also changes the platformâs functionality. For example, features like limit orders, stop-loss, and take-profits will no longer be available for trades involving DLT Finance. Existing crypto CFD positions, however, will remain unaffected by these changes, and users can continue using these features for CFDs.
For those involved in copy trading, any new positions in crypto will also be treated as CFDs, not as direct crypto purchases.
Moreover, eToroâs crypto wallet will not be available to German customers. However, users will still have the option to transfer their crypto holdings to other regulated German crypto custodians via Tangany if they choose to do so. This ensures that those who prefer more flexibility with their digital assets can do so under-regulated frameworks.
In addition to the new changes, DLT Finance said it will apply a 1% fee for buying and selling crypto assets, which may be subject to future adjustments. Additionally, as part of the partnership, usersâ personal data will be shared between eToro, DLT Finance, and Tangany. Still, all parties have assured users that their data will be handled securely and in accordance with their privacy policies.
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eToro Expands Crypto Offering in Germany through Strategic Partnership with DLT Finance