eToro Partners with DLT Finance to Enhance Crypto Trading for German Clients

Online broker eToro has announced a new partnership with DLT Finance, aimed at bringing comprehensive crypto trading services to its clients in Germany. This collaboration will enable eToro's German users to access DLT Finance's crypto trading services while maintaining the familiar eToro trading experience. The integration is set to roll out in the coming weeks, allowing users to trade cryptoassets with DLT Finance as their counterparty directly on the eToro platform.

Crucially, while clients will benefit from enhanced trading capabilities, their cryptoassets will be securely held in custody by Tangany GmbH, a company that operates under the supervision of BaFin, ensuring regulatory compliance and security for traders. Clients will receive notifications through the eToro app to review and accept updated Terms & Conditions and Privacy Policies, with a video identification process potentially required for account verification.

However, this partnership comes with several noteworthy changes. Limit orders, stop loss, and take profit limits will not be available for crypto trading with DLT Finance, which marks a significant shift for existing eToro clients. Current limit orders and other protective measures on open crypto positions will cease to apply, although they will continue for open crypto CFD positions. Moreover, once the partnership is active, a 1% fee will be imposed on the purchase and sale of cryptoassets traded through DLT Finance, with the possibility of future fee adjustments.

Additionally, modifications to eToro's CopyTrading services will also be implemented. Clients who start copying another investor with cryptoassets will have those positions copied as CFDs, while existing cryptoasset holders will not be copied. This partnership marks a pivotal shift for eToro as it transitions to offer more integrated crypto trading solutions, aligning with the growing demand for cryptocurrency investments in Germany.