eToro ramps up crypto listings with ENS, Cronos, KNC and LUNA
Ethereum Name Service (ENS), Cronos (CRO), Kyber Network (KNC) and LUNA are the next coins to join eToro’s list of featured digital assets.
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 62 crypto assets including ENS, CRO, LUNA, & KNC 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, SAND, DOGE, FLR, SHIBxM, FET, SNX, BNT, ZRX, DYDX, REN, HBAR, AVAX, STORJ, BAL, GALA, LRC, APE, THETA, FTM, and MIOTA.
For those who haven’t been kept in the loop, the Ethereum Name Service (ENS) makes the blockchain easier to use by replacing long crypto addresses with short ENS domains such as “Alice.ETH”. As for Cronos (CRO), it’s the native token of Cronos blockchain network that is interoperable with both Ethereum and Cosmos. It aims to help scale DeFi and Web3 by enabling developers to instantly port apps and assets between the two networks.
Israeli social trading network also added support for Kyber Network (KNC), which connects liquidity from different sources, enabling anyone to instantly swap tokens without an exchange. As explained by the broker, the last addition to eToro’s list of featured digital assets was Terra (LUNA), the native asset of Terra, a blockchain platform focused on decentralized stablecoins.
eToro does not adhere to offering crypto CFDs
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.
We reported about eToro last week when it struck yet another sponsorship deal, this time with football centre operator Powerleague. eToro has been active in the Europe soccer market as they have previously signed deals with several top leagues. The broker already bags Premier League’s multi-club deals with Arsenal Football Club, Tottenham Hotspur, Crystal Palace, Leicester City and Southampton.