eToro today announced the addition of four new tokens to the list of tradable digital assets. The platform now offers the possibility to trade 40 cryptoactives.
eToro is a trading platform created in 2007 with the ambition to open up global markets to everyone, allowing everyone to invest easily. Since 2013, it has also offered customers access to cryptocurrency markets.
According to eToro’s press release, all four currencies are available on the eToro investment platform. Among the four coins, Axie Infinity is a notable standout due to its meteoric rise. Axie Infinity is the first cryptocurrency game of its kind that has increased over 50,000% over last year.
According to data from DappRadar, nearly $2.9 billion worth of AXS (30% of total outstanding supply) is staked in the Axie Infinity Staking contract.
Discover the newest platform cryptos.
AXS is the crypto of Axie Infinity, a Pokémon-inspired blockchain game that combines NFT and cryptoactives. Axie Infinity is changing the way people play and invest, as players can earn tokens through their skills as players, while incumbents can help shape the game’s universe and decide how the platform should operate.
CHZ is the symbol of Chiliz, fantasy leagues are getting a big upgrade thanks to Chiliz. Sports fans can invest their CHZ tokens in special betting pools and earn rewards based on the placement of their live sporting events.
SUSHI is the governance symbol of DEX SushiSwap and allows people to invest in liquidity pools to make the exchange more liquid. It offers rewards to holders who contribute to pools of liquidity.
QNT is Quant’s crypto, which is filling the gap and making applications easier to run on multiple servers and different blockchains. QNT helps investors to use special programs running on the Quant network, regardless of server location.
This brings the total eToro cryptoactive offering to 40 cryptos. Note that these are only offered in eToro as an underlying asset. If you are in a region where eToro can only offer crypto CFDs, you will not be able to open any positions in these assets.
eToro’s vice president of business solutions, Doron Rosenblum, said:
“The cryptoactive market has recently hit a new milestone, surpassing $3 trillion in market capitalization. This milestone reinforces the positive outlook for investors. We will continue to increase our cryptocurrency offering to allow users to diversify their portfolios with a wide range of cryptoactives.”