eToro Launches Spot Crypto Trading Services in Germany

According to the company’s announcement, the brokerage platform eToro has extended its cryptocurrency services in Germany with the introduction of spot trading.

Previously, German customers could only access cryptocurrency contracts for differences (CFDs) through the platform. The Israeli brokerage revealed it has teamed up with DLT Finance for spot trading and Tangany for custody services. Both companies are regulated under the German Federal Financial Supervisory Authority (BaFin).

User Agreements for Crypto Trading on eToro

eToro had secured a deal with Tangany earlier, moving its German clients’ crypto assets to Tangany from a different custody provider. The brokerage emphasized that German users trading cryptocurrencies will now have DLT Finance as their counterparty for transactions, with Tangany responsible for safeguarding their digital assets.

Once the partnership is activated, users must agree to the terms and privacy policies of DLT Finance, Tangany, and eToro when buying or selling cryptocurrencies, as noted by the broker. Initially, eToro will charge a 1 percent fee for crypto transactions, although the company stated that these fees could be revised in the future.

The introduction of spot trading follows eToro’s settlement with the United States Securities and Exchange Commission (SEC) just weeks ago, where the firm paid $1.5 million and agreed to limit its crypto offerings in the U.S. to Ethereum (ETH), Bitcoin Cash (BCH), and Bitcoin (BTC).

eToro Introduces Staking for SOL and ETH

In a related development, eToro has launched staking for Solana (SOL) and Ethereum (ETH), allowing users to earn rewards by participating in staking activities for their physically held crypto assets. Previously, the platform supported staking for Cardano (ADA) and Tron (TRX).

Adi Lasker Gattegno, Director of Crypto Desk at eToro, emphasized the advantages of staking, noting that it allows investors to earn token rewards. 

“Staking is essential to blockchains that use a proof-of-stake consensus mechanism, such as Solana and Ethereum, as it helps validate and secure transactions without a payment processor,” she said.

To be eligible for staking rewards, users must reside in a country where staking is permitted and hold an open position in the staked cryptocurrency for a specified period, known as “intro days.” Positions held via CFDs, CopyTrader, Smart Portfolios, or short positions are excluded from staking rewards.