Social trading network eToro has enabled the trading of EOS. EOS will now be available on the eToro platform alongside bitcoin, ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar and NEO.
Like ethereum, EOS is a smart contract enabled hosting platform built for open-source projects and consumer-facing decentralized applications. It enables the development, hosting, and execution of commercial-scale decentralized applications (dApps ) on its platform. The software behind EOS is designed to enable applications that don’t require blockchain users to pay for every transaction, making it possible to create freemium applications. It has a market cap of around $11 billion, making it the fifth-largest cryptocurrency.
The addition of EOS, will allow eToro clients to purchase cryptocurrency, with eToro acting as custodian. EOS will also be implemented on eToro’s Crypto CopyFund, which promotes the simple diversification of crypto holdings through the use of contracts for difference (CFD).
Yoni Assia, Co-founder and CEO at eToro, said that so far this year, they’ve seen attention shift away from mainstream cryptocurrencies and their market share is increasing all the time. In his view, he said, this trend is only set to continue.
“We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in,” Assia said. “We’re excited to have brought EOS onto the platform already this year and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community.”
Yesterday, Assia delivered a keynote speech in a cryptocurrency-themed event hosted by The Floor in Tel Aviv, where he said “the use of blockchain and crypto is and will become a way of life.”
Assia said that gold is effective as money because of a number of features that it has, and bitcoin shares many of these features: “So with bitcoin and other cryptocurrencies we are talking about an invention that could potentially change this paradigm.” He added that rich people and financial institutions worldwide are waiting to see what will happen before investing their money because they are afraid that bitcoin has peaked. He argues that the fact that there was one bull run doesn’t mean that there can’t be more in the future. He fully expects bitcoin to continue to rise in the future.
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