eToro Adds More Currencies To Its Platform
June 21, 2021: eToro, the global multi-asset investment platform, is announcing today that it has added a further three new assets to its crypto offering.
Algorand, Basic Attention Token and Polygon are now available on the eToro investment platform, bringing eToro’s total number of cryptoassets to 26*.
Algorand (ALGO) supports smart contracts and was created to support an open, borderless economy. It is the world’s first pure proof-of-stake crypto, allowing a single ALGO to become a node within the blockchain without requiring forking. Investors are able to execute transactions almost automatically due to self-validating transactions of ALGO.
Previously known as Matic Network, Polygon (MATIC) is an easy-to-use platform for Ethereum scaling and infrastructure development, which seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
The third new token, BAT (Basic Attention Token), is a special incentive cryptoasset that advertisers and users can earn just by opting-in while using the Brave web browser. This token also helps quantify and then personalize all ad content to create a customisable browsing experience for investors in the token.
The addition of these latest tokens comes after eToro added Chainlink, Dogecoin and Uniswap in April, and Aave, Compound, Yearn.Finance and Decentraland in May.
Doron Rosenblum, VP of Business Solutions at eToro, said: “eToro continues to expand our range of cryptoassets in order to offer our users choice as well as more options to diversify their portfolios. We plan to add more tokens as the year unfolds.
“As always, we urge investors to do their research. Just as each stock has a business case, each crypto has a whitepaper that details its use case. We strongly advise our users to be cautious and remember that when investing, it is wise to diversify and only invest in markets and instruments with which you are familiar.”
eToro has been offering retail clients access to crypto markets since 2013. eToro’s 20 million registered users globally can easily buy, hold and sell the real underlying assets of ALGO, MATIC and BAT on its investment platform, using fiat currency.
*24 coins for US clients
Notes to editors
About eToro group
eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 20 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
As technology has evolved, so has our business. In 2018 eToro launched a professional crypto exchange eToroX, together with the eToro Wallet. Together with the investment platform, eToro provides a holistic service for buying, selling and holding cryptoassets. We believe that leveraging blockchain technology will enable us to become the first truly global service provider allowing everyone to trade, invest and save.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, and authorised and regulated by the Financial Conduct Authority in the UK.
eToroX is incorporated in Gibraltar with company number 116348 and its registered office is at 57/63 Line Wall Road, Gibraltar. Its distributed ledger technology (DLT) provider licence was granted by the Gibraltar Financial Services Commission in December 2018 (licence number FSC1333B).