eToro Adds Cardano’s ADA Tokens Among its Cryptocurrencies
eToro a global investing platform and cryptocurrency exchange has announced that it is going to add Cardano’s ADA tokens to its list of cryptocurrencies. This will be the eleventh in the total number of assets available by the exchange.
New #Cryptocurrency alert on eToro!
— eToro (@eToro) June 17, 2018
ADA which is the eighth most valuable altcoin by market cap will be joining alongside Bitcoin, Ethereum, XRP, BCH, EOS, Litecoin, Stellar, NEO, Dash, and Ethereum Classic on the platform. Cardano, which is the first peer-reviewed blockchain, is a third-generation altcoin that is aiming to improve on the scaling problems of Bitcoin, a first-generation coin, and Ethereum, a second-generation coin.
As the investors are looking for more investment opportunities the move of adding another crypto asset to the platform by eToro is an impressive one. Investors are very keen to diversify their portfolios as the interests have been seeing rising in the cryptocurrency market.
Yoni Assia, co-founder, and CEO at eToro said,
“We are seeing growing interest in new cryptocurrencies increasing all the time, We are committed to bringing the top traded crypto assets onto our platform for our users to invest in.”
eToro also allows people to invest in other assets such as stocks and commodities, other than cryptocurrencies.
Cardano will also be added to eToro’s Crypto CopyFund, which allows investors to expand across all available digital currencies, with a market cap of over $1 billion, on the platform with just one click. With over 10 million registered users in 140 countries, the Crypto CopyFund gives newbie and veteran traders access to a fully allocated and managed cryptocurrency portfolio. They can also follow the approaches of other traders who have been the most successful with their investments.
Last month in an interview Assia said that eToro will be launching its own exchange later this year, he also said that the exchange will be able to support hundreds of tokens and also as eToro dive deeper into cryptocurrencies the launch of its own digital currency wallet highly improve its standing among the crypto world.
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