In a press release published on 19 April, eToro’s new offering brings the total number of tokens on its platform to 18: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, XRP, Dash, Litecoin, Neo, Stellar, EOS, Cardano, IOTA, BNB, ZCash, Tron, Tezos, Uniswap, and Chainlink. The trading platform has offered access to cryptocurrencies since 2013 and currently has over 20 million registered users globally.
Doron Rosenblum, the VP of business solutions at eToro, said this was the “right time” to be adding new cryptocurrencies to the platform, as the company has seen a significant increase in investor demand for a greater range of tokens. Introducing UNI, the native cryptocurrency of the AMM-based decentralized exchange Uniswap, was eToro’s first dab into the DeFi market.
“Both LINK and UNI have interesting use cases and remind us that not all cryptos are designed to be currencies. Chainlink is an important project that aims to overlay internet data with information stored on the blockchain and Uniswap is a critical part of the crypto trading infrastructure,” he explained in the release.