Trading Platform eToro Launches DeFi Portfolio
- DeFi is one of over 60 portfolio eToro offers.
- It provides investors with ready-made exposures to some of the most popular DeFi tokens, including ETH, UNI, LINK, MATIC, and COMP.
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Global trading platform eToro announced that it has launched a DeFi portfolio, offering investors long-term exposure to key projects in the DeFi ecosystem. The portfolio comprises of 11 different cryptocurrencies, including Ether (ETH), Uniswap (UNI), Chainlink (LINK), Aave (AAVE), Compound (COMP), Yearn.finance (YFI), Decentraland (MANA), Polygon (MATIC), Algorand (ALGO), Basic Attention Token (BAT), and Maker (MKR).
The company’s portfolios offer investors ready-made, fully allocated exposures to various market themes. Grouping multiple assets under a defined methodology and employing a passive investment approach has enabled eToro to provide investors with long-term investment solutions with diversified exposure. The Defi portfolio is one of over 60 portfolios available on the platform.
Initial investments in the new portfolio start from $1,000. According to the company’s press release, eToro will also provide investors with tools and charts to track the portfolio’s performance.
Dani Brinker, the Head of Portfolio Investments at eToro, said that the fact DeFi is one of the most talked-about innovations in finance makes the market seem like a minefield to most new investors.
“By packaging up a selection of crypto assets in a DeFi CopyPortfolio, we’re doing the heavy lifting and enabling our customers to gain exposure and spread the risk across a variety of cryptos,” he explained in the company’s press release.
- The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against trading platform eToro over its contract for difference (CFD) product.
- The regulator claimed the product’s target market was too broad, and that eToro used insufficient screening tests when offering the leveraged derivative contracts to retail users.
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- The new partnership will expand on Twitter’s $Cashtags feature, which currently shows price data for a few chosen assets, and provide a wider range of crypto and stock prices.
- Twitter will also direct users to the investment platform through a “view on eTroro” tab, where they will be able to purchase or sale assets of their choice.
- BMEX will behave like other exchange tokens, and offer BitMEX users trading fee discounts and better rates on BitMEX’s fiat on-ramp.
- The token will not be withdrawable from customer’s exchange wallets until the launch of the BitMEX Spot exchange, expected to come in early Q2 2022.