eToroX, the blockchain division of global investment company eToro, today announced the launch of a cryptocurrency exchange for pro traders. The press release states that it will be a “secure and regulated trading venue offering a range of crypto assets as well as a suite of stablecoins”. The platform will support trading in six cryptocurrencies – Bitcoin, and the Altcoins Ethereum, Bitcoin Cash, Litecoin, Ripple, and Dash. There will be 37 crypto-to-fiat pairs made available.
Managing Director at eToroX, Doron Rosenblum, said: “In the coming weeks and months we will add more crypto assets, stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins”.
This support will include trading in eight fiat-backed stablecoins, pegged to the US dollar, Canadian dollar, Australian dollar, Japanese yen, New Zealand dollar, Swiss franc, Euro and UK pound sterling.
“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world,” said Yoni Assia, Co-founder and CEO of eToro. “We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization”.
The eToro cryptocurrency exchange has 15 crypto assets to trade
eToro was one of the first regulated financial companies to offer cryptocurrency trading in 2014. Beginning with Coloured Coins in 2012, eToronow has 15 crypto assets on the eToro platform.
The platform now caters to a global community of over ten million people and allows them to invest in the assets they want, not only stocks and commodities, but cryptocurrencies too.
The eToro exchange launched a cryptocurrency buying and selling platform and wallet service in the US last month
“We believe that we will see the greatest transfer of wealth ever as financial services move onto the blockchain,” said Assia. “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”.
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