‘BTC etc’: eToro to publish crypto-focused content in partnership with Reflexivity
“As a crypto pioneer, we see it as our responsibility to provide accessible, timely and relevant content for our users. As the market matures, cryptoassets deserve the same level of attention and coverage as other financial assets. We are excited to collaborate with Reflexivity to increase understanding of crypto.”
eToro has partnered with Reflexivity Research to produce informative, insightful, and innovative content covering the world of crypto, the social trading platform announced.
Reflexivity Research is a provider of crypto-native research, with a focus on helping to bridge traditional finance into the digital asset ecosystem through specialized knowledge and datasets.
Going by the name ‘BTC etc’, the content partnership will comprise a weekly overview of the crypto market, highlighting the key trends and movements, plus a monthly podcast.
Experts from eToro, Reflexivity Research, and the crypto ecosystem will contribute to this monthly podcast, which will form part of eToro’s ‘Digest & Invest’ podcast series. The podcast will delve into the latest news, trends, innovations, and regulatory developments within the crypto space.
“Cryptoassets deserve the same level of attention and coverage as other financial assets”
Mati Alon, Editor in Chief at eToro, commented: “We are thrilled to be partnering with Reflexivity Research to bring our users even more valuable insights about the world of crypto. As a crypto pioneer, we see it as our responsibility to provide accessible, timely and relevant content for our users. As the market matures, cryptoassets deserve the same level of attention and coverage as other financial assets. We are excited to collaborate with Reflexivity to increase understanding of crypto.”
Will Clemente, Co-Founder at Reflexivity Research, said: “We chose to partner with eToro, as their values seamlessly resonate with our core values of education, and bridging the gap between traditional finance and the bitcoin and crypto industry. The partnership will draw on eToro’s extensive experience as a pioneer of crypto trading, and their presence in the crypto space for well over a decade, to better equip investors with the essential resources that they need to confidently navigate the dynamic crypto arena.”
eToro sued by ASIC for CFD product design and distribution violations
Our latest coverage of eToro’s moves earlier this month focused on ASIC’s lawsuit against the social trading platform’s Australian operation in the regulator’s first design and distribution action to protect consumers from high-risk CFD products.
The case focuses on the appropriateness of eToro’s target market, and the screening test used by eToro to assess whether a retail client fell within the target market for the CFD product.
The financial watchdog alleges eToro’s target market for the CFD product was far too broad for such a high-risk and volatile trading product where most clients lose money, and that the screening test was wholly inadequate to assess whether a retail client was likely to be within the target market.
ASIC further claims that eToro’s conduct is likely to have resulted in a significant number of retail clients being exposed to the CFD product that was unlikely to be consistent with their investment objectives, financial situation, and needs, resulting in a significant risk of consumer harm.