Investment platform eToro has announced that it has added four more assets to its crypto offering. Cosmos (ATOM), The Graph (GRT), Curve (CRV) and 1inch (1INCH) are all now available on the eToro investment platform, which means eToro’s offering now consists of 36 cryptoassets.
Investment platform eToro has announced that it has added four more assets to its crypto offering. Cosmos (ATOM), The Graph (GRT), Curve (CRV) and 1inch (1INCH) are all now available on the eToro investment platform, which means eToro’s offering now consists of 36 cryptoassets.
Cosmos is an ecosystem of blockchains created as an ‘internet of blockchains’. Investors in the ATOM token hold secure services on the Cosmos platform, for which they are rewarded with transaction fee payments and other distributed staking rewards.
GRT is a crypto which underpins an indexing protocol designed to organise blockchain data and make it more easily accessible to users. Users of the platform must be GRT token holders as the crypto ensures the integrity of the data organised on the platform. In return they earn a share of the network’s fees.
CRV is an Ethereum-based token that powers the Curve.fi decentralised exchange (DEX). The DEX’s protocol makes the exchange of ERC-20 tokens such as stablecoins easier to swap between holders.
The 1inch Network is also a DEX that aggregates liquidity and offers the best rate possible on a range of blockchain based token swaps. Holders of the token can participate in network governance and further development of the exchange.
Doron Rosenblum, VP of Business Solutions at eToro, says: “Crypto is going from strength to strength at the moment as the market grows and new ideas and tokens reach prominence. We see ever-growing interest from retail investors on our platform who believe in the long-term potential of such projects.
“We are determined to keep updating our offering to users to help diversify their portfolios with a broader range of cryptoassets. We will continue to expand our range of cryptoassets with more coins coming soon.
“As always, we urge investors to do their research. All cryptoassets have whitepapers which detail their use case. We strongly encourage 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 the crypto markets since 2013. eToro’s users can easily buy, hold and sell the real underlying assets of all four tokens on its investment platform, using fiat currency.
These are the latest coins to join eToro’s cryptoasset range following the addition of Solana (SOL), Polkadot (DOT) and Filecoin (FIL) in October; Enjin (ENJ), Maker (MKR) and Shiba Inu (represented on eToro as SHIBxM) in July, and Chainlink, Dogecoin, Uniswap, Aave, Compound, Yearn.Finance, Decentraland, Algorand, Polygon, and Basic Attention Token earlier in 2021. For now, all four tokens will not be available to US users.
