Mille Lees Mille Lees, Wednesday 13th November 2019, 4:24 PM CET
etorox

EToroX Extends Crypto Offerings

EToroX announced that they’re extending the cryptocurrency offerings on its exchange. There will be five new stablecoins added, with the addition of Tether and Dash. These stablecoins are pegged with the Polish Zloty, Hong Kong Dollar, Turkish Lira, South African Rand and Singapore Dollar. This brings EToroX to a total of 17 pegged digital currencies. Traders can anticipate multiple new pairings with these new additions, such as the XRP/USDC or EOS/USDT. Subsequently, EToroX now manages 96 Pairings for trading clientele.

The Managing Director at EToroX, Doron Rosenblum, spoke with reporters on the company’s new additions. He mentioned that by maintaining USDT and USDC, EToroX could further advance their products and provide institutional trading to professional clientele. Doron noted that their primary demographic is Asia and that there maintaining an ongoing commitment towards bridging the gap between financial markets. Considering that EToroX is becoming one of the most popular cryptocurrency exchanges worldwide, it won’t be long until that gap is closed. New advancements in retail blockchain technology will be the result.

Combining Two Markets

Behind the announcement, there was an additional trading pair added to the EToroX Exchange. This new pairing is pegged with the Gold stablecoin with Bitcoin. It didn’t take long for fans to locate the new pairing, which will assist with combining the digital and financial markets. Gold is the highest traded metal on the NY, London and Honk Kong Stock Exchanges. Considering that EToro launched their cryptocurrency subsidiary less than twelve months ago, it’s shocking to see that they’ve made so many advancements in the market. The Gibraltar-Licensed Exchange is already rivalling Kraken and Coinbase through their rapid advancements.

The Managing Director, Doron Rosenblum, mentioned in his interview that the new gold pairing enables for EToroX to further bridge the gap. He noted that this unique combination would allow clients to trade between old and new methods of finance. Doron confirmed that their expansion has grown by acquiring Delta, the Portfolio Tracker Application. They will operate as an independent cryptocurrency subsidiary of EToro and provide investment strategies for traders.

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Mille Lees

Author: Mille Lees

Millie has been with whichbroker.com since the start. She has a passion writing financial news after an internship at Bloomberg London. Millie's background in journalism and politics means she has an eye for a good story. Millie graduated from LSE and has a masters from Durham University England. Mille Lees can be contacted at [email protected], View all posts by Mille Lees

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