• Sat, 07 Dec 2019, 04:06 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

eToroX adds five Ethereum tokens to its wallet, 115 more tokens to follow

eToro.Marco Verch Professional Photographer and Speaker/Flickr

Thu, 04 Jul 2019, 09:14 am UTC

eToroX, the blockchain division of global investment company eToro, has announced that it adding support for 120 ERC-20 tokens to its multi-crypto, on-chain wallet.

In an online post dated June 24, the company said that the first phase was already live, adding that the support for Maker (MKR), Basic Attention Token (BAT), and OmiseGO (OMG) has already been added.

Included in the new offerings are stablecoins offered by eToro itself called eToro EuroX (EURX) and eToro US DollarX (USDX). As eToroX Managing Director Doro Rosenblum himself said, the addition of these new tokens is proof of the platform's vision regarding digitized assets.

“Adding 120 ERC-20 tokens to the eToro wallet is further evidence of our belief that one day all investable assets will be tokenized,” Rosenblum said (as quoted by TheNextWeb).

“One of the main barriers to mass adoption of crypto assets is lack of access. Making these first 5 tokens available enables more people to transfer and hold them into a secure and regulated wallet. The next step will be adding more ERC-20 tokens to our exchange, which we plan to do in the near future.”

Back in April, eToroX launched its cryptocurrency exchange and announced eight stablecoins. Even then, eToro CEO Yoni Assia already expressed his sentiments with regards to how tokenization could eventually become a monster in the financial field.

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization,” Assia said.

For the most part, this is a completely predictable move on any trading platform’s part due to the rise in public interest with regards to tokenization, cryptocurrency, and blockchain. eToro is simply getting ahead of the curve just as it did when it decided to allow for bitcoin trading all the way back in 2014.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $7,551.16 (+1.37%)
  • Ethereum (ETH) $149.25 (+0.13%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.11 (+0.04%)
  • Litecoin (LTC) $45.59 (+0.82%)
  • Bitcoin (BTC) $7,551.16 (+1.37%)
Dec 6, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
Reserve Bank of India governor against the development of private digital currencies
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.