eToro now supports Bancor, Ox, DYDX and ANKR tokens

abdelaziz Fathi

Israeli social trading network eToro has added support for trading ZRX, the native asset of a decentralized exchange protocol called 0x Project. The token joins the ranks of newly-added crypto assets to the company’s platform, including Bancor, DYDX and ANKR tokens.

etoro

According to the company, these tokens have made the ranks as the latest addition in order to offer eToro customers diversity in their cryptocurrency portfolio.

The altcoins will be available for trading on the platform alongside 48 crypto assets including BNT, ZRX, ANKR, and DYDX alongside BTC, ETH, BCH, LTC, XRP, DASH, ETC, ADA, XLM, EOS, NEO, TRON, ZEC, BNB, XTZ, LINK, UNI, COMP, AAVE, YFI, MANA, ALGO, MATIC, BAT, MKR, ENJ, FIL, DOT, SOL, ATOM, GRT, CRV, 1INCH, SUSHI, $CHZ, QNT, AXS, CELO, FET, SNX, SAND, REN, and MIOTA.

Rather than being associated with a base layer protocol like the other coins, 0x is actually an ERC-20 token built on top of another protocol, Ethereum. For those who haven’t been kept in the loop, the protocol itself is designed to allow Ethereum tokens to be traded at a low cost directly from your wallet. The highly experimental token, as described by its co-founder Will Warren, is listed by major crypto exchanges like Coinbase.

eToro does not simply adhere to offering crypto CFDs

Bancor, the native token of a blockchain protocol that allows users to convert tokens directly instead of exchanging them on cryptocurrency platforms, also joined eToro’s list of featured digital assets. Bancor’s latest version, dubbed “Bancor 3,” offers several key features to liquidity providers, including dual-sided rewards and full impermanent loss protection.

As explained by the broker, dYdX is a decentralized trading platform built on the Ethereum network. The platform is powered by the DYDX token, which offers holders fee discounts, and the ability to stake to earn rewards and participate in governance.

The last token added to eToro’s crypto catalogue was ANKR, the utility token of a platform enables investors to stake their assets while obtaining liquidity through integrations with DeFi applications.

The introduction of new instruments adds to eToro’s rapidly expanding suite of cryptos. The Israeli social investment platform has had a string of recent announcements in a major push to attract crypto traders and grow its user base.

Unlike many other brokers, eToro does not simply adhere to offering crypto CFDs but also allows clients to purchase the assets, with eToro acting as custodian and holding the digital coins on behalf of clients.

Read this next

Digital Assets

GK8 now allows clients to control their digital assets as they would their fiat

“As the institutional market is increasingly turning to self custody, our policy engine empowers them to automate transactions, approvals, and even crucial workflows, while providing the highest degree of security, consistency, governance and control.”

Digital Assets

Retail CBDCs in the UK: “Welcomed” by CryptoUK and R3, but “Dystopian” for ETC Group

“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified”, said the BoE and HM Treasury.

Institutional FX

Centroid taps Iress API to provide retail brokers with real-time market data

“It has always been a challenge to have an efficient, elegant solution for market data and order execution for retail brokers, but with Iress we have found absolutely the right partner to add to our client offering.”

Digital Assets

Ramp launches FCA-approved off-ramp product, onboards Brave, Trust Wallet, Ledger

“To obtain and maintain our FCA registration, we must meet and operate within their strict anti-money laundering and counter-terrorist financing standards. This is a huge achievement for us, as compliance is a cornerstone of our business and what we stand for.”

Institutional FX

State Street launches FIX API for Fund Connect ETF platform

“Expanding from proprietary APIs to the FIX industry standard will bring us closer to our goal of 100% digital interactions. This is another example of innovations we’ve brought to our operating model as we celebrate 30 years of servicing ETFs since the launch of SPY.”

Industry News

HollyWally opens office in Portugal to bring B2B2C wallet-as-a-service platform to Europe

“We looked at a number of centers for startups throughout Europe and were attracted straight away to Lisbon. There is great Government support and enthusiasm for startups, it’s well positioned between our Asian and US offices, it’s a cost-effective city in which to base a fintech and it’s a beautiful place.”

Retail FX

Eightcap integrates Acuity’s economic calendar for trade ideas on MT4 or MT5

“By incorporating Acuity’s cutting-edge AI technology into our platform, we are able to offer our clients a powerful new tool that will help them stay ahead of the markets. We are committed to providing an extensive range of tools and educational resources that will enhance our clients’ trading experience and allow them to trade smarter.”

Digital Assets

Fuse Network powers Web3 economy, payments with ‘Fuse 2.0’

Web3 payments revolution startup Fuse Network announced the release of ‘Fuse 2.0.’ alongside a new roadmap, whitepaper, and fresh branding aimed at bringing crypto payments to the mainstream global economy.

Inside View

Private Equity Renaissance

Recent years have seen a resurgence in the concept of trading physical equities, with a slew of new arrivals joining the market for what is arguably one of the oldest forms of investing. But what has been the driving force behind this change in momentum?

<