eToro, a multi-asset investment platform, and social network has plans of l<a href="https://www.cryptoknowmics.com/crypto/okex-launching-options-trading-this-month/">aunching</a> a debit card in Q2 of 2020. Hence, allowing 12 million users of the platform to, spend their earnings through debit card. Business Insider reported that <a href="https://www.etoro.com/welcome?gclid=CjwKCAiAob3vBRAUEiwAIbs5TshP2wpd6yiRxacOKX2sXiXU3P4anKEUb73CcWQ9m7MeY2WuWuVsQhoCaOQQAvD_BwE&amp;utm_medium=SEM&amp;utm_source=56004&amp;utm_content=0&amp;utm_serial=CH_Brand_B_EN_NR_56004|AG_77584774048|KW_Etoro_MT_e&amp;utm_campaign=CH_Brand_B_EN_NR_56004|AG_77584774048|KW_Etoro_MT_e&amp;utm_term=&amp;gclid=CjwKCAiAob3vBRAUEiwAIbs5TshP2wpd6yiRxacOKX2sXiXU3P4anKEUb73CcWQ9m7MeY2WuWuVsQhoCaOQQAvD_BwE">eToro</a> will launch the service in the United Kingdom first. 

Meanwhile, further details to the debit card launch still remain unclear. 

EToro’s global head of Public Relations &amp; Communications, Amy Butler said that the firm is actually working on the debit card launch. Nevertheless ,Butler declined to reveal more details at this very point. 
<h2>40% Millennials  Look into crypto in the event of a Recession</h2>
Back in September, eToro cited a study on generational investment;  that was conducted  among 1000 United States Online investors between July 18 to July 31. The study pointed out that 40% of millennials preferred to invest in digital assets in the event of an economic recession. Managing director of eToro U.S at the time, Guy Hirsch said that :

&nbsp;
<blockquote>We believe that if a recession were to occur, we’d see shrinking stock portfolios and growth in other asset classes like crypto; as well as new fractional ownership models. Historically, these investment opportunities have been limited to high net worth and institutional investors; but innovation is unlocking these opportunities for everyday investors.

 and clearly, these results indicate that the demand is there.”</blockquote>
<h2>eToro Acquires Cryptocurrency Portfolio Application Delta</h2>
&nbsp;

Remember that in Mid November, eToro acquired crypto portfolio application Delta in an exclusive deal that was worth approximately $5 million. The application is popular for tracking unto 6000 different digital currencies and tokens across 180 crypto exchanges. eToro bought it as a means to integrate the app on its eToro platform, and hence allow users to trade from within the application. 

&nbsp;

Meanwhile, in other crypto exchange news the United States crypto exchange Huobi.com is ceasing operations. According to an announcement posted on Huobi’s twitter profile:
<blockquote>“We regret to inform you that HBUS will need to cease operations so that it can return in a;  more integrated and impactful fashion as part of its ongoing strategic layout.”</blockquote>
&nbsp;

UK Investment Platform EToro to Issue Debit Cards Starting Q2 2020

eToro, a multi asset investment platform and social network has plans of launching a debit card in Q2 of 2020. Hence, allowing 12 million users to use debit

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

UK Investment Platform EToro to Issue Debit Cards Starting Q2 2020

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