eToro Announces Addition of Tron’s TRX Cryptoasset

eToro, announced on Monday it has added Tron’s TRX token to its global investment platform. eToro reported that this brings the total number of cryptoassets available on its platform to 15.

According to eToro, Tron is an ambitious, multi-faceted project seeking to “decentralise the internet.” It was noted that Tron gained significant attention following its acquisition last year of BitTorrent, one of the largest peer-to-peer sharing platforms in the world with more than 100 million active users. BitTorrent earlier this year launched BTT, a utility token based on the Tron protocol, its first step in tokenizing its content sharing ecosystem. Yoni Assia, co-founder and CEO at eToro, stated:

“Tron is making fast progress towards lofty ambitions, and has rightly garnered the attention of the crypto community. Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”

Tron, founded by Justin Sun, is currently considered to be the 10th largest cryptoasset in the world, with a market cap of $1.5 billion. Sun noted:

“With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets. These steps will help grow the blockchain community and expand our reach around the world.”

As previously reported, eToro is regulated in Cyprus Securities and Exchange Commission and in the UK by the Financial Conduct Authority (FCA). The platform enables users to invest in the assets they want, from stocks to cryptocurrency and commodities. More than ten million users have shared their investment strategies on eToro’s platform. TRX joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB and ZCASH on the eToro platform.

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