eToro adds five new cryptoassets to its platform
Online broker eToro announced today that it is adding five new cryptoassets to its platform.
The new cryptoassets are:
- LayerZero (ZRO): a cross-chain messaging protocol enabling seamless blockchain interoperability.
- ZKsync (ZK): a Layer-2 scaling solution that boosts Ethereum’s speed and lowers transaction costs.
- Pyth (PYTH): a decentralized oracle network providing real-time market data for DeFi.
- EigenLayer (EIGEN): a restaking protocol that enhances Ethereum’s security and capital efficiency.
- Swell (SWELL): a liquid staking protocol for Ethereum that offers flexibility and DeFi integration.
EIGEN and SWELL are the latest additions to eToro’s ‘experimental’ cryptoassets. This category represents cryptoassets that show potential for innovation and disruptive technologies, often exhibiting high volatility, low liquidity, and/or strong community engagement. They include memecoins, initial coin offerings and token sales, innovative products and decentralised finance (DeFi) strategies.
Other experimental cryptoassets on eToro include Toncoin (TON), Pepe (PEPExM) and Official Trump (TRUMP).
“We’re pleased to announce the latest additions to our cryptoasset offering,” said Omri Ross, Chief Blockchain Officer at eToro. “We aim to offer our users access to a broad range of cryptos from longer-established, more well-known names through to ‘experimental’ tokens which represent newer projects in the blockchain space.”
Since experimental cryptoassets carry higher risks, including volume liquidity, asset stability and other considerations, there are restrictions on the value of positions that users can open in these assets depending on their eToro Club tier. These limits are in place to help manage the risks associated with trading these high-volatility assets.
eToro has been offering retail clients access to the crypto markets since 2013. eToro’s users can easily buy, hold and sell the real underlying assets of over 100 cryptoassets. These new cryptoassets are not currently available to users in the US, UAE, Germany and Australia.
