The Cyprus-based Forex and CFD broker, eToro, has recently been known to have "secretly" joined several companies that offer trading with one type of currency that is being hotly discussed in the world, bitcoin. Users of the eToro OpenBook (eToro's social trading platform), can now trade using this virtual currency. Interestingly, the stock register lists the Bitcoin symbol under a financial label.

We use the word "quietly" to reveal that eToro has added Bitcoin usage facilities without causing too much fanfare, considering that eToro once mentioned that it would introduce Bitcoin in April 2013 in its blog post. Still, when Bitcoin was implemented, eToro didn't announce it.

In its mission to add Bitcoin to its offerings, eToro joins a small group of brokers who have added Bitcoin options such as Plus500, AvaTrade, FXchoice, and Tallinex. This Cypriot broker seems to want to take advantage of the few brokers who include virtual currency in trading options as traders' interest in Bitcoin increases.

Some people still think that investing in bitcoins is more fun than using them in their actual trading. After all, bitcoins still have to be converted into traditional currency. Bitcoin regulations are still unclear, but since investing in Bitcoin is quite promising, eToro has ventured to take the currency.

The pros and cons of Bitcoin are indeed triggered by regulation. Yesterday, bitcoin fell by as much as 10% after the Chinese Government strictly prohibited using Bitcoin as a medium of exchange. Instead, Russia has tolerated the use of the cryptocurrency, aka bitcoin, and even plans to introduce "official" bitcoin to the public.