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eToro introduces Cryptocurrency Exchange

eToro cryptocurrency exchange

The acclaimed brokerage and retail or social trading platform eToro is making new ventures. The trading firm unveils and launches a new and robust cryptocurrency exchange platform on Monday. The firm said that the new cryptocurrency exchange platform came to life with the help of its groundbreaking blockchain division.

eToroX, the blockchain division steps into a new frontier after the cryptocurrency exchange platform went live. With the help of the digital currency exchange platform, it is easier to trade the leading cryptocurrencies in the world. The cryptocurrency exchange platform supports the trading of top cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, and Bitcoin.

The Digital Asset platform eToroX

eToroX said that other than some of the acclaimed cryptocurrencies, the platform also facilitates fiat-stablecoins. By the looks of it, almost all top retail stablecoins in the world has made its way to eToroX. With addition to this, 37 of the trading pairs are related to BTC-USD. The new trading pairs will aid the users in converting ETH, BTC, LTC, XRP, BCH & Dash to fiat currencies. eToroX will convert the leading cryptocurrency tokens to Swiss Franc, Euro and US Dollar.

When it comes to cryptocurrency, no governments or finance officials control the cryptocurrency. Nevertheless, the exchange platform offers a cryptocurrency wallet that comes under strict supervision. Judging by the report, the cryptocurrency wallet is accessible via mobile devices. By the looks of it, eToro aims to transcend this cryptocurrency exchange into a robust accessible exchange platform. The MD of eToroX, Doron Rosenblum said that the company would eventually add more tokens, stablecoins and crypto assets.

According to the managing director, they will collaborate with some of the other exchanges in the foreseeable future. With this collaboration, the company aims to grow the range of stablecoins across the world. Rosenblum aims to make the cryptocurrency exchange platform accessible when it comes to trading the digital assets.

eToro’s other achievement

By the looks of it, in March, the company said that they currently posses Firmo, a smart contract startup. The reason as to why eToro took possession of Firmo is to accelerate the increase of the cryptocurrency token assets. According to the sources, Firmo is a native Copenhagen company. Additionally, it uses the underlying technology for allowing eToro in deploying the financial contracts without any hiccup. On top of that, Firmo also supports numerous blockchain platforms such as EOS, Ethereum, and NEO.

During the launching of the platform, Yoni Assia, the founder and the Chief Executive Officer made a few things abundantly clear. By the looks of it, Assia feels that there shouldn’t be barriers while transferring wealth, and assets. On the contrary, most of the financial services are adopting blockchain; and it will ultimately lead to the inception of transparency.

On the other hand, xToro will bring an ultimate paradigm for the people who own crypto assets. Conversely, the world is heading towards digitalization and tokenization of the traditional assets. With the new digital asset platform, the company wants to delve into the era of tokenization. According to Assia, crypto assets are the first and foremost step in the journey of tokenization.

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