eToro Adds EOS as Demand for Altcoins Surges
Responding to consumer demand for altcoin investment opportunities and trading eToro has added EOS to its platform as of April 23rd, 2018.
eToro is a next generation global trading and investment platform with nine million users. It boasts the ability for users to manually invest in over 1,500 instruments, copy the trades of more experienced traders, and use its CopyFunds feature to access unique investment portfolios.
Users of eToro can now access ten cryptocurrencies, including other 2018 additions to the platform NEO and Stellar. Bitcoin, Ethereum, BCH, XRP, Litecoin, Ethereum Classic and Dash are also available on the eToro platform.
The platform has noticed increased demand for altcoin trading and investments and is actively working to offer increased diversification to its users. Yoni Assia, Co-founder and CEO at eToro notes:
“Already in 2018 we’ve seen attention shift away from mainstream cryptocurrencies and their market share is increasing all the time. In our view, this trend is only set to continue.”
EOS will also soon be added to eToro’s Crypto CopyFund, which uses CFDs to enable investors to diversify across all available cryptocurrencies (weighted by market cap) with just one click.
“We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in. We’re excited to have brought EOS onto the platform already this year and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community.”
EOS (EOS) is currently 5th in the charts by market capitalization having once again displaced Litecoin for the 5th position and risen in price by a net 40% in the last week. EOS is currently an Ethereum-based, or ERC20 token, but will move to its own MainNet chain in the coming months.
Bitfinex and Binance have both announced support for the EOS MainNet swap to aid the move for EOS owners on these platforms.
Behind the purchase of EOS tokens is a successful blockchain-based decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform.