A lot of people are probably wondering what made Etoro decide to disable their trading for ADA and Tron on the platform. Perhaps, it has something to do with their latest move regarding adding stocks. They are looking to become a publicly-traded company.
There seems to be a lot of stress on companies when they are trying to undergo the process of making the transition from crypto exchange to a publicly-traded company. I do not think it has anything to do with the validity of the projects! It’s just a matter of them trying to dot their I’s and T’s. As for their stock trading feature, I was picked for the beta testing! My results are below.
The process was easy, and it was very informative. The stock feature is located under the discovery tab to the left of the homepage. There are three categories, which are stocks, crypto, and ETFs. The stock feature shows information regarding the credibility of stocks, and it gives you a list of ETFs. Normally, I hate anything that isn’t in a dark page mode, but I liked their layout! If they get the dark feature, I will still use the white background because the visuals are nice. I like their layout more than Robinhood’s layout!
What I found interesting was the way Etoro matches certain stocks with your profile. After I found my favorite company, I clicked purchase, and then I sent the money to my account. There was a bit of a hiccup after I sent the money to my account for the stock. When you are buying crypto, the buy button pretty much ends the transaction.
However, when I clicked on the button to add funds for my stock, it took me to the add funds page, yet it didn’t get the stock! It lets you transfer the funds to your account, but you have to go back and purchase the stock after adding those funds. So, make sure you check your portfolio to see if your transaction was completed. I can now work on my stock portfolio while nursing my cryptocurrency as well.
Before I go! Make sure you are checking out Mcontent! They have a lot of great things coming in the month of December.
As always, not giving financial advice just sharing the skinny!