The words of eToro’s CEO on Libra
Yoni Assia, CEO and founder of eToro, explained:
“The Facebook Libra project presents a seismic shift for global finance as it is the first time we are seeing a tech giant make a move into finance using crypto. We want to give people the opportunity to take a stake in it as in the past, only the private companies and individuals involved in these historic developments have benefitted from them. We want to change that”.
The portfolio offered by eToro includes the 13 listed companies currently involved in the Libra association. In the future, with the accession of new companies, eToro will try to rebalance the portfolio whenever possible.
So far, the minimum investment is $2,000.
“Our range of portfolios are about making it as easy as possible for investors to access the assets they want across a range of themes and ideas that they’re passionate about. That could be anything from renewable energy to big tech, from cyber security to the medical cannabis industry. Given the importance of the Libra project, this portfolio was devised just two weeks after the project’s whitepaper was made public”.
The companies included
The companies in the Libra portfolio offered by eToro are some of the most important in the technology and financial markets. The list of the 13 companies in the portfolio offered by the social trading platform includes:
- Mastercard (MA);
- Paypal (PYPL);
- VISA (V);
- Booking Holdings INC (BKNG);
- eBay (EBAY);
- Lyft (LYFT);
- MercadoLibre (MELI);
- Spotify (SPOT);
- Uber (UBER);
- Facebook (FB);
- Iliad (ILD.PA);
- Vodafone (VOD);
- Farfetch (FTCH).