Trading and investment fintech eToro adds tenth cryptocurrency

Users can now buy and sell ten different cryptocurrencies via the eToro platform. Today, EOS has been added, following on from the additions of NEO and Stellar earlier this year.

EOS is the token linked to an infrastructure system – underpinned by blockchain technology – which can be used for developing, hosting and executing decentralised applications. The applications which run on this system are known as dApps (distributed applications).

eToro already allows users to trade Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar and NEO. The company’s co-founder and CEO, Yoni Assia (pictured), said in a statement that investors have been shifting their attentions away from mainstream cryptocurrencies in 2018 – a trend he sees continuing.

“We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in,” he said. “We’re excited to have brought EOS onto the platform already this year and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community.”

Crypto investors on the platform own the underlying assets – the coins – to which their investments are linked, with eToro acting as custodian on their behalf.

eToro is a social trading platform. The platform allows users to execute trades using CFDs, but it also allows them to copy the trades and investments of more experienced investors. EOS will be wrapped up into its Crypto CopyFund soon.

The platform today boasts 9 million users, who can invest in everything from stocks and commodities through to cryptocurrencies. It snapped up $100m in series E funding in March, primarily to support its expansion into new markets and its ongoing research and development of blockchain technology and digital assets.