eToro supports Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI)
Israeli social trading network eToro has added support for trading three new tokens. Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI) 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 67 crypto assets including 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, ENS, CRO, UMA, API3, KNC and MIOTA.
For those who haven’t been kept in the loop, Immutable X is a Layer 2 scaling solution for NFTs on Ethereum. It uses zk-Rollups to make transactions faster and cheaper. IMX is the Ethereum token that powers Immutable X, and is used for staking, voting on governance decisions, and paying transaction fees.
Livepeer, a decentralized video streaming network built on Ethereum, also joined eToro’s list of crypto assets. It allows network participants to rent out their idle computing resources for video processing in exchange for fees. As explained by the broker, LPT tokens are used for staking and paying broadcast fees.
eToro does not adhere to crypto CFDs
The last token added to eToro’s crypto catalogue was Cartesi, which powers a blockchain scaling platform that enables developers to build dApps using Linux. It uses optimistic rollups to perform computation off-chain. CTSI tokens are used for staking and paying data processing fees.
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.