eToroX, the blockchain division of global investment company eToro, announced on Tuesday the launch of its crypto exchange – a secure and regulated trading venue offering a range of cryptoassets, as well as a suite of stablecoins. At launch, the exchange will have a range of instruments including:
8 fiat-stablecoins (eToro New Zealand Dollar (NZDX), eToro Japanese Yen (JPYX), eToro Swiss Franc (CHFX), eToro United States Dollar (USDEX), eToro Euro (EURX), eToro Pound Sterling (GBPX, eToro Australian Dollar (AUDX), eToro Canadian Dollar (CADX)- 6 cryptos (Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), BitcoinCash (BCH) and Litecoin (LTC)
- 37 pairs including BTC-USD, XRP-GBP etc.
eToroX also reported that the launch of the exchange is a “natural next step” in eToro’s blockchain journey which began with the work with Colored Coins in 2012. Yoni Assia, Co-founder and CEO of eToro, stated:
“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.”
Doron Rosenblum, Managing Director of eToroX, added:
“We are proud to be one of the first companies in the world to obtain a license for cryptoassets, and one of only a handful of regulated exchanges in the crypto space. In the coming weeks and months we will add more cryptoassets, stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins.”
eToro is notably one of the first regulated financial companies to offer crypto, enabling users to trade bitcoin in 2014 and today has 15 cryptoassets on the eToro platform.