EToro Cryptocurrency Exchange is Live!
Its official, the retail trading firm known as eToro has revealed as of Monday, April 15th that they’ve launched their new cryptocurrency exchange. This exchange, which is being regulated by the financial authority of Gibraltar, will allow for clients to trade in cryptocurrency pairs and purchase numerous cryptocurrencies simultaneously.
Yoni Assia, the CEO of eToro commented on the exciting news during the announcement, saying: “Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance.”
Investors who choose to use the eToro Exchange will have access to eight different crypto coins and a few global currencies, including the US Dollar and Swiss Franc. The available cryptocurrencies on this new exchange include Ripple, Dash, Ethereum and Bitcoin.
More Will Come
From all accounts, eToro will update their exchange on a semi-regular basis with new cryptocurrencies and global currencies. This is indicated by a statement made by the company earlier this week. The statement, made by the managing director Doron Rosenblum for eToro, stated:
“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,”
This isn’t the first time that the leadership behind eToro have launched a cryptocurrency exchange. The co-founders of eToro also helped launch a cryptocurrency exchange in Israel named “Colu”. The CEO and Managing Director for eToro also helped to develop an asset tracking technology called “Colour Coins”.
EToro CEO, Yoni Assia made her final statement during the announcement of the exchange, saying:
“The blockchain brings transparency and a new paradigm for asset ownership. In time, we will see the tokenization of all traditional asset classes, as well as the emergence of new asset classes such as tokenized art, property or even IP. Crypto assets are just the first step on this journey and we are excited to explore the opportunities offered by tokenization with the launch of our exchange.”