{"id":77324,"date":"2018-08-21T18:00:57","date_gmt":"2018-08-22T01:00:57","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=77324"},"modified":"2019-11-25T04:24:56","modified_gmt":"2019-11-25T04:24:56","slug":"etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin\/","title":{"rendered":"eToro CEO Says Correction is Healthy, Platform Bets on Litecoin"},"content":{"rendered":"<p>In the face of the market capitalization\u2019s nine-month low, the CEO of multi-asset trading giant <a href=\"https:\/\/cryptoslate.com\/products\/etoro\/\">eToro<\/a> has spoken positively about the mid-year correction and maintains that demand for <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> has not declined.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This chart is sensational&#8230;<\/p>\n<p>Despite falling prices this year, clients <a href=\"https:\/\/twitter.com\/eToro?ref_src=twsrc%5Etfw\">@etoro<\/a> are increasing not decreasing their <a href=\"https:\/\/twitter.com\/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw\">$BTC<\/a> holdings. <a href=\"https:\/\/t.co\/kvYKo1PBiD\">pic.twitter.com\/kvYKo1PBiD<\/a><\/p>\n<p>&mdash; Mati Greenspan (@MatiGreenspan) <a href=\"https:\/\/twitter.com\/MatiGreenspan\/status\/1031605839381950464?ref_src=twsrc%5Etfw\">August 20, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Making the comments in an <a href=\"https:\/\/www.newsbtc.com\/2018\/08\/18\/major-exchange-ceo-despite-correction-demand-for-bitcoin-has-not-declined\/\">exclusive interview<\/a> with NewsBTC, Yoni Assia suggested that Bitcoin\u2019s current bearish tone will lay the foundation for long-term growth across the cryptocurrency market. He stated:<\/p>\n<blockquote><p>&#8220;In our view, the recent market correction is good for the long-term development of the market. Cryptoassets are still a relatively nascent market; emerging technologies like this often see swings in their value in the early days.&#8221;<\/p><\/blockquote>\n<figure id=\"attachment_75905\" aria-describedby=\"caption-attachment-75905\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-75905\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/recent-market-downturn-coinbase-social-300x158.jpg\" alt=\"\" width=\"300\" height=\"158\" \/><figcaption id=\"caption-attachment-75905\" class=\"wp-caption-text\">Related Article:\u00a0<a href=\"https:\/\/cryptoslate.com\/despite-recent-market-downturn-coinbase-ceo-brian-armstrong-remains-bullish\/\">Despite Recent Market Downturn, Coinbase CEO Brian Armstrong Remains Bullish<\/a><\/figcaption><\/figure>\n<p>Assia\u2019s views have been echoed by a number of leading exchanges, many of whom have forecasted a more utopian market despite the recent downturn.<\/p>\n<p>Earlier this month, Coinbase CEO Brian Armstrong <a href=\"https:\/\/cryptoslate.com\/despite-recent-market-downturn-coinbase-ceo-brian-armstrong-remains-bullish\/\">explained current price action as a \u201cseries of bubbles and corrections.&#8221;<\/a>\u00a0In Assia\u2019s eyes, such cycles appear to bring about more favorable market conditions. The eToro executive explained:<\/p>\n<blockquote><p>&#8220;Market adjustments like those we have experienced recently help to stabilize prices, and make the industry more robust. Despite these adjustments, however, we have not seen a significant dip in demand for digital assets.&#8221;<\/p><\/blockquote>\n<p>eToro\u2014which offers various assets including stocks, commodities, ETFs and cryptocurrencies to purportedly more than <a href=\"https:\/\/www.etoro.com\/about\/why-choose-us\/\">6 million traders<\/a>\u2014appears to be catering to an increased appetite for crypto-assets, having just upped its number of tradable tokens to 12 with the addition of IOTA:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are pleased to inform you that our selection of cryptocurrencies is continuing to expand, and IOTA\u00a0is now LIVE on eToro. <a href=\"https:\/\/twitter.com\/hashtag\/newasset?src=hash&ref_src=twsrc%5Etfw\">#newasset<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&ref_src=twsrc%5Etfw\">#cryptocurrency<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/IOTA?src=hash&ref_src=twsrc%5Etfw\">#IOTA<\/a><\/p>\n<p>&mdash; eToro (@eToro) <a href=\"https:\/\/twitter.com\/eToro\/status\/1031475071167148032?ref_src=twsrc%5Etfw\">August 20, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<figure id=\"attachment_77209\" aria-describedby=\"caption-attachment-77209\" style=\"width: 300px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-77209\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/08\/etoro-ads-iota-social-300x158.jpg\" alt=\"\" width=\"300\" height=\"158\" \/><figcaption id=\"caption-attachment-77209\" class=\"wp-caption-text\">Related Article:\u00a0<a href=\"https:\/\/cryptoslate.com\/etoro-adds-iota-miota-to-its-crypto-trading-platform\/\">eToro Adds IOTA (MIOTA) to Its Crypto Trading Platform<\/a><\/figcaption><\/figure>\n<p>The transnational corporation has also released an unabashedly bullish <a href=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2018\/08\/LTC-eToro-Research.pdf\">research report<\/a> on <a href=\"http:\/\/cryptoslate.com\/coins\/litecoin\">Litecoin<\/a>, in which it describes LTC, the <a href=\"https:\/\/coinmarketcap.com\/\">seventh-largest<\/a> cryptocurrency by market capitalization, as being at a \u201cmassive discount to what it should be worth.\u201d<\/p>\n<p>Despite the market\u2019s decidedly lackluster tone, eToro's apparently bullish backing of cryptocurrency may read that changes are afoot. To many, a multi-asset trading platform such as eToro will represent the proverbial tip of the iceberg; the steady migration of capital from traditional, multi-trillion-dollar investment vehicles into cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the face of the market capitalization\u2019s nine-month low, the CEO of multi-asset trading giant eToro has spoken positively about the mid-year correction and maintains that demand for Bitcoin has not declined. This chart is sensational&#8230; Despite falling prices this year, clients @etoro are increasing not decreasing their $BTC holdings. pic.twitter.com\/kvYKo1PBiD &mdash; Mati Greenspan (@MatiGreenspan) [&hellip;]<\/p>\n","protected":false},"author":175,"featured_media":117557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>eToro CEO Says Correction is Healthy, Platform Bets on Litecoin<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eToro CEO Says Correction is Healthy, Platform Bets on Litecoin\" \/>\n<meta property=\"og:description\" content=\"In the face of the market capitalization\u2019s nine-month low, the CEO of multi-asset trading giant eToro has spoken positively about the mid-year correction and maintains that demand for Bitcoin has not declined. This chart is sensational&#8230; Despite falling prices this year, clients @etoro are increasing not decreasing their $BTC holdings. pic.twitter.com\/kvYKo1PBiD &mdash; Mati Greenspan (@MatiGreenspan) [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-22T01:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-25T04:24:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/11\/cryptoslate-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jonnie Emsley\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"eToro CEO Says Correction is Healthy, Platform Bets on Litecoin\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jonnie Emsley\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/etoro-ceo-says-correction-is-healthy-platform-bets-on-litecoin\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/#person\",\"name\":\"Jonnie Emsley\",\"url\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/jonnie-emsley\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/10\/author-jonnie-emsley.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/10\/author-jonnie-emsley.jpg\",\"caption\":\"Jonnie Emsley\"},\"jobTitle\":\"Contributor\",\"description\":\"Jonnie is a writer and blockchain enthusiast based in Ho Chi Minh City, Vietnam. 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