eToro, the leading social trading network, has pushed ahead with its plans to broaden its cryptocurrency offering, citing enough liquidity and strong customer demand. The company announced that it has enabled the trading of EOS, the digital currency that intends to support more efficient operations for decentralized applications than existing platforms such as Ethereum.
In addition to EOS, eToro customers can already trade the actual underlying assets of Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar and NEO. The latest addition expands the total number of cryptocurrency assets available on eToro’s platforms to ten.
Unlike many other brokers, eToro does not simply adhere to offering crypto CFDs, but also allows clients to actually purchase the assets, with eToro acting as custodian and holding the digital coins on behalf of clients.
In addition to clients’ ability to purchase actual EOS tokens, the coin will also be implemented on eToro’s Crypto CopyFund, which promotes the simple diversification of crypto holdings through the use of CFDs.
The latest member of the cryptocurrency family has soared more than 30 percent last month, according to CoinMarketCap, as investors bet on more user adoption.
The company now offers its clients easy access to the price movement of EOS through the EOS /USD pairing, which is now live and available for demo and live accounts. eToro has routinely been at the forefront of cryptocurrency trading, having been one of the first online brokerages to offer Bitcoin trading.
Commenting on the news, Yoni Assia, Co-founder and CEO at eToro, said: “Already in 2018 we’ve seen attention shift away from mainstream cryptocurrencies and their market share is increasing all the time. In our view, this trend is only set to continue.”
He added: “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. 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.”
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