Child blockchain company is a trading and investing platform eToro has launched a cryptocurrency exchange and 8 private tablconv.
The new platform operated by ToroX, which is regulated by the financial services Commission of Gibraltar. First trade will be available six cryptocurrencies: BTC, BCH, ETH, XRP, LTC and DASH. Also available will be 37 pairs with Fiat currencies, e.g. BTC/USD and XRP/GBP.
In addition, eToro has produced its own stabilini tied to eight Vietnam currencies, including the dollar eToro United States dollar (USDEX), Japanese yen — Japanese yen eToro (JPYX) and the Euro — eToro Euro (EURX). Also running stabilini with reference to the pound sterling, Australian, canadian and new Zealand dollar, and Swiss franc.
The exchange plans to add more cryptocurrencies tablconv and tokens “in the coming weeks,” said managing Director eToroX Doron Rosenblum (Doron Rosenblum). He also added that the firm will work with other bitcoin exchanges to “encourage” them to the listing tablconv eToro. CEO and co-founder of eToro, Yoni Assia (Yoni Assia) said:
“Just like eToro has opened the traditional markets for investment, and we want to do the same in the world of tokens. The blockchain will eventually absorb the traditional financial services through tokenization”.
Last month, eToro gained the blockchain startup Firmo, specializing in the development of smart contracts for derivatives, which are supported on every major blockchain.
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