EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins
Ana Berman's original article for cointelegraph.com reduced by 49%
The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states. The exchange currently allows users to trade bitcoin, ethereum, ripple, dash, bitcoin cash and litecoin. According to the managing director of eToroX, Doron Rosenblum, the exchange will launch more pairs in coming months.
EToroX has launched eight stablecoins that are backed by the New Zealand dollar, Japanese yen, Swiss franc, United States dollar, euro, U.K. pound sterling, Australian dollar, and Canadian dollar. "We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence.
This is the future of finance. Blockchain will eventually 'eat' traditional financial services through tokenization." In March, eToro officially launched its platform and crypto asset wallet in the U.S. Later the same month, the company announced that it has acquired smart contracts development company Firmo in order to explore and add more tokenized assets.
In other stablecoin news, Canadian cryptocurrency exchange Coinsquare has recently announced that it will be launching a Canadian dollar-backed stablecoin.
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Summarised crypto news.