Assets, Ethereum

Can I Buy Ethereum on RBC Direct Investing?

As of early 2018, RBC Direct Investing does not support the purchase of Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

NOTE: WARNING: Ethereum is not available to purchase through RBC Direct Investing. Ethereum is a cryptocurrency and should be purchased through an exchange such as Coinbase or Binance. Investing in cryptocurrencies can be very risky, so be sure to do your research before investing.

The Ethereum network went live on July 30th, 2015 with 72 million pre-mined coins. While RBC Direct Investing does not currently support the purchase of Ethereum, this may change in the future as the platform continues to grow in popularity.

For now, investors interested in buying Ethereum will need to do so through a cryptocurrency exchange.

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