eToroX Launches Crypto Exchange Which Includes Several Unique Stablecoins
eToro’s blockchain division has launched its own crypto exchange. The crypto exchange is a safe and regulated trading enterprise which provides a range of crypto assets alongside a suite of stablecoins.
eToro’s New Crypto Exchange is with over 50 Assets
While speaking about the newly launched service, Co-founder and Chief Executive Officer of the company, Yoni Assist said that:
“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. 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.”
Asset expected to be present at the launch includes:
- 6 cryptos (Ethereum (ETH), Bitcoin(BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), and Dash (DASH).
- 8 fiat-stablecoins (New Zealand Dollar (NZDX), Japanese Yen (JPYX), Swiss Franc (CHFX), United States Dollar (USDEX), Euro (EURX), Pound Sterling (GBPX, Australian Dollar (AUDX), Canadian Dollar (CADX)
- 37 pairs including BTC-USD, XRP-GBP etc.
eToro was among the first set of financial companies to provide crypto, thereby enabling its users to trade bitcoin in 2014 and it presently has 15 crypto assets on the eToro platform, the launch of the exchange is a natural next step in eToro’s blockchain journey which began with the work with Colored Coins in 2012.
eToro Group is a parent company for eToroX which is one of the first companies to be certified as a regulated Distributed Ledger Tech (DLT) provider by the Gibraltar Financial Services Commission (GFSC).
The Managing Director of eToroX, Doron Rosenblum said that:
“We are proud to be one of the first companies in the world to obtain a license for crypto assets, and one of only a handful of regulated exchanges in the crypto space. “In the coming weeks and months, we will add more cryptoassets, stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins,” Doron added.