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Answered on August 20, 2015.
We are currently evaluating whether we can add this to the theme and allow it to be set through the current Site Settings.
To do it yourself, you will need a child theme and modification of the partials/content-list.php where you change
<?php the_excerpt(); ?>on line 18 to
<?php the_content(); ?>and delete line 22 with the read more button link.