eToro has added five new cryptoassets to its platform in a move that further expands an offering that allows users to expose themselves to the digital asset ecosystem.
The trading and investing platform was an early entrant, among the FX/CFD industry, to engage with the crypto space and address demand for exposure to the asset class. It’s been an astounding success, so far.
LayerZero, ZKsync, Pyth, EigenLayer, Swell added to eToro offering
The new cryptoassets available for trading at eToro are:
• LayerZero (ZRO): a cross-chain messaging protocol enabling seamless blockchain interoperability.
• ZKsync (ZK): a Layer-2 scaling solution that boosts Ethereum’s speed and lowers transaction costs.
• Pyth (PYTH): a decentralized oracle network providing real-time market data for DeFi.
• EigenLayer (EIGEN): a restaking protocol that enhances Ethereum’s security and capital efficiency.
• Swell (SWELL): a liquid staking protocol for Ethereum that offers flexibility and DeFi integration.
EIGEN and SWELL join eToro’s ‘experimental’ cryptoassets – a category that represents cryptoassets that show potential for innovation and disruptive technologies, often exhibiting high volatility, low liquidity, and/or strong community engagement, according to eToro’s views.
From longer-established cryptos to ‘experimental’ ones
eToro explained that ‘Experimental’ cryptoassets include memecoins, initial coin offerings and token sales, innovative products, and decentralised finance (DeFi) strategies. Other experimental cryptoassets on eToro include Toncoin (TON), Pepe (PEPExM), and Official Trump (TRUMP).
Omri Ross, Chief Blockchain Officer at eToro, said: “We’re pleased to announce the latest additions to our cryptoasset offering. We aim to offer our users access to a broad range of cryptos from longer-established, more well-known names through to ‘experimental’ tokens which represent newer projects in the blockchain space.”
Experimental cryptoassets carry higher risks, including volume liquidity, asset stability, and other considerations. For that reason, there are restrictions on the value of positions that users can open in these assets depending on their eToro Club tier. The platform said these limits are in place to help manage the risks associated with trading these high-volatility assets.
eToro offers retail clients access to the crypto markets since 2013 and now the platform allows users to buy, hold and sell the real underlying assets of over 100 cryptoassets. These new cryptoassets are not currently available to users in the US, UAE, Germany, and Australia.
eToro secured CySEC permit for crypto services under MiCA
eToro recently announced that the Cyprus Securities and Exchange Commission (CySEC) granted its EU subsidiary, eToro (Europe) Ltd, a permit to provide crypto services across all EU member states under the Markets in Crypto-Assets Regulation (MiCA) framework.
The company stated that this authorization allows it to operate within Europe’s unified crypto regulatory environment, subject to submitting the relevant notification to each member state.
eToro has more than 38 million registered users in 75 countries, with Europe as its largest market. The company added that operating under both MiCA and the Markets in Financial Instruments Directive (MiFID) will provide investors with greater protections, increased transparency, and stronger regulatory oversight. eToro claims that these measures will ensure a safer and more reliable trading environment for EU users.
eToro also confirmed that it recently achieved its SOC 2 Type II Compliance Certification, with Grant Thornton awarding the company the highest possible grade for operational excellence in crypto asset custody operations. With MiCA authorization, eToro claims that it has solidified its position as a regulated leader in European crypto investing, ensuring compliance while broadening access to digital assets within a structured, investor-protected framework.
