eToro, the leading social trading platform, with over nine million users, has announced the addition of the EOS token onto its platform, which brings the total number of cryptocurrency assets available on the site to ten.
Cryptocurrency investors on eToro own the real underlying asset, with eToro acting as custodian. The company is responsible for the verification procedures and security processes.
The EOS token is currently the fifth cryptocurrency in the world by market cap, with over $9 billion, according to coinmarketcap.com. EOS will also be added to eToro’s Crypto CopyFund, which uses CFDs to enable investors to diversify across all available cryptocurrencies.
The token is linked to one of the most powerful infrastructures for decentralized applications and is designed to scale mainstream development for large enterprises currently unsupported by existing blockchain platforms.
Its blockchain-based decentralized system enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform. The system does away with the need for users to pay for every transaction, thus allowing newcomers to get involved without having to navigate the complex process of purchasing a cryptocurrency.
“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”, said Yoni Assia, Co-founder and CEO at eToro.
“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”, Assia added.
The EOS token joins a group of 9 other cryptocurrencies available for trading at eToro. The broker’s portfolio includes NEO, Stellar, Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, and now, EOS.