Social trading and brokerage company eToro has launched its own cryptocurrency exchange through its blockchain division, eToroX. Top cryptocurrencies by trading volume will be available on the platform, including Bitcoin, Ethereum, Ripple, Litecoin, Dash and Bitcoin Cash.
In addition to six of the leading cryptocurrencies, eToroX offers eight fiat-stablecoins and 37 trading pairs including BTC-USD, allowing users to convert BTC, ETH, XRP, LTC, DASH and BCH to fiat currencies such as the US dollar, euro and Swiss franc. It also offers a regulated cryptocurrency wallet that may be accessed through mobile devices.
Doron Rosenblum, managing director of eToroX says,
“In the coming weeks and months we will add more cryptoassets, stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins.”
- eToro New Zealand Dollar (NZDX)
- eToro Japanese Yen (JPYX)
- eToro Swiss Franc (CHFX)
- eToro United States Dollar (USDEX)
- eToro Euro (EURX)
- eToro Pound Sterling (GBPX)
- eToro Australian Dollar (AUDX)
- eToro Canadian Dollar (CADX)
eToro plans to offer more digital assets in the future.
“We’re launching now 8 new stable coins, which are the most traded currencies in the world.”
“We will continuously innovate @eTorox to add more features and more assets.”
— Mati Greenspan (@MatiGreenspan) April 16, 2019
In March eToro announced the acquisition of smart contract startup Firmo to accelerate the growth of its tokenized assets.