EToro Trading Platform Acquires Crypto Portfolio Management App
Aaron Wood's original article for cointelegraph.com reduced by 56%
Trading and investment platform eToro has acquired the cryptocurrency portfolio app Delta - an app that tracks 6,000 different cryptocurrencies and tokens on 180 exchanges. According to a press release on Nov. 6, eToro acquired Delta for an undisclosed amount Israeli tech publication CTech reports that the deal was worth approximately $5 million.
Doron Rosenblum, the managing director of eToroX - eToro's blockchain subsidiary - said that they would integrate Delta with the eToroX platform, which would enable users to trade from within the app. EToro created eToroX in 2018, which provides a wallet for digital assets and will eventually open an exchange. In March, eToro acquired smart contracts development company Firmo.
The trading platform said at the time that Firmo's staff would subsequently act as an internal innovation team at eToro that works on the tokenization of its assets. Last month, eToro announced the launch of a sentiment-based analytical tool in partnership with analytics and finance management startup The Tie.
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CN [too long; didn’t read]
Summarised crypto news.