eToro, the trading and investing platform, has announced that it now allows crypto deposits in the UAE, making it one of the few platforms in the region to enable users to transfer cryptoassets from other exchanges, brokers, or blockchain wallets. In conjunction with this feature, eToro introduced a new benefit for UAE-based users, offering 1 back in UAE-listed stocks when crypto deposits are converted to USD.
Eligible users can now transfer bitcoin BTC, ethereum ETH, XRP, USDC, Chainlink LINK, Aave AAVE, Uniswap UNI, Polygon POL, and Fetch.ai FET from external wallets or exchanges to their eToro Crypto Wallet. Once transferred, the crypto can be converted to USD and used to invest across eToro's multi-asset platform.
Users who convert their crypto deposits to USD will receive 1 back in their chosen stock from a selection of leading ADX- and DFM-listed equities, which will be added directly to their trading portfolio. This feature aims to give investors greater flexibility in managing their digital assets while encouraging diversification into local market opportunities.
