eToro enriches asset offering
Online trading company eToro continues to expand its offering via the additions of two new assets: Chainlink ($LINK) and Uniswap ($UNI).
- $LINK
Chainlink is a blockchain abstraction layer used to universally connect smart contracts. It does this through a decentralised oracle network that provides real-world data to smart contracts. Secure interaction between complex smart contracts and external data feeds, payment methods and events are supported.
Developed by a large community, Chainlink makes use of open-source technology. Chainlink tokens, also known as LINK coins, are used to pay for the services of Chainlink operators who provide data to the blockchain by those who open smart contracts. LINK is built on Ethereum and is an ERC-20 token. Tracing its history back to 2014, Chainlink was founded by Steve Ellis and Sergey Nazarov. It has headquarters in Grand Cayman.
- $UNI
Uniswap is an Ethereum based exchange that allows decentralised token swaps. Anyone with an Ethereum wallet can exchange tokens with no involvement of any central party. Rather than requiring buyers and sellers to create demand, the platform uses an equation to set the value based on demand.
Uniswap allows any ERC-20 token to be listed and swapped. Swaps are governed by smart contracts, requiring no central facilitator for trade, removing middlemen and platform fees. Uniswap is open-source software, and as of 2020, one of the most widely used platforms on Ethereum.
Uniswap uses the UNI token to govern the platform. These tokens were issued to anyone who had used the protocol prior to September 2020. Holders of UNI tokens gain the ability to vote on changes to the protocol.
eToro has been regularly expanding its offering. In March, for instance, it added six new assets to its offering. And, earlier this year, the company introduced 34 assets to its lineup of trading instruments.