Rajarshi Mitra
Independent Analyst
- eToro partners with Napoleon Group.
- Company looking to expand business in the US.
eToro on Tuesday declared that Napoleon group has issued a cryptocurrency investment strategy on its platform. eToro CEO Yoni Assia said:
“I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios...Our Partner CopyPortfolios are about making it as easy as possible for investors to tap into the strategies of professional asset managers and traders.”
NaPoleonX operated by Napoleon group is the first crypto asset manager in France to receive a license. eToro proclaimed that NaPoleonX uses a set of proprietary trading systems to trade in the digital assets market. The company believes that the system will be very profitable.
Napoleon Group’s CEO and co-founder, Stephane Ifrah said:
“Crypto markets are volatile and this might be off-putting for some investors, that’s why we are eager to share our solutions with more people...Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”
eToro welcomed crypto trading like many other companies. The company is also looking to expand its business it the US with one office already set up in New Jersey.
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