Israeli social trading network eToro has added support for trading ZRX, the native asset of a decentralized exchange protocol called 0x Project. The token joins the ranks of newly-added crypto assets to the company’s platform, including Bancor, DYDX and ANKR tokens.
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 48 crypto assets including BNT, ZRX, ANKR, and DYDX alongside 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, FET, SNX, SAND, REN, and MIOTA.
Rather than being associated with a base layer protocol like the other coins, 0x is actually an ERC-20 token built on top of another protocol, Ethereum. For those who haven’t been kept in the loop, the protocol itself is designed to allow Ethereum tokens to be traded at a low cost directly from your wallet. The highly experimental token, as described by its co-founder Will Warren, is listed by major crypto exchanges like Coinbase.
eToro does not simply adhere to offering crypto CFDs
Bancor, the native token of a blockchain protocol that allows users to convert tokens directly instead of exchanging them on cryptocurrency platforms, also joined eToro’s list of featured digital assets. Bancor’s latest version, dubbed “Bancor 3,” offers several key features to liquidity providers, including dual-sided rewards and full impermanent loss protection.
As explained by the broker, dYdX is a decentralized trading platform built on the Ethereum network. The platform is powered by the DYDX token, which offers holders fee discounts, and the ability to stake to earn rewards and participate in governance.
The last token added to eToro’s crypto catalogue was ANKR, the utility token of a platform enables investors to stake their assets while obtaining liquidity through integrations with DeFi applications.
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.