-Bitcoin news, price, information & analysis Social trading network eToro will release their crypto wallet by next month ahead of their exchange launch set for Q4 2018. In an interview with NewsBTC, the Managing Director said they have had a lot of interest from family offices regarding their new crypto trading desk.

The Managing Director of eToro, Iqbal Gandham, told NewsBTC that they are launching their crypto wallet by August before they launch their crypto exchange planned for Q4 2018. The exchange will follow regulatory compliance in Gibraltar which need to be finalized.

Gandham said: “We are launching our crypto exchange and wallet soon. We’re looking at the exchange coming out within the next quarter, we’re looking at Q4.

I feel the wallet release date will probably be towards the end of July, if not early August. The exchange will follow certain regulatory priorities which will happen in Gibraltar.

It may get accelerated if Bitcoin’s price goes up to $20,000.” The Managing Director said that eToro is expanding into the U.S. and have started going through regulatory processes to establish licences. He said that the U.S. is a ‘phenomenal market for crypto assets.’ eToro recently announced that they are setting up an over the counter (OTC) trading desk in London for institutional investors, including hedge funds and banks. Read more from newsbtc.com…

thumbnail courtesy of newsbtc.com