eToro, the trading and investing platform, announced that it is adding five new crypto-assets to its platform.
eToro revealed that the new crypto-assets 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 now the latest additions to eToro’s ‘experimental’ crypto-assets.
This category represents crypto-assets that show “potential for innovation and disruptive technologies, often exhibiting high volatility, low liquidity, and/or strong community engagement.”
They include meme coins, initial coin offerings and token sales, innovative products and decentralized finance (DeFi) strategies.
Other experimental crypto-assets on eToro “include Toncoin (TON), Pepe (PEPExM) and Official Trump (TRUMP).”
Omri Ross, Chief Blockchain Officer at eToro said:
“We’re pleased to announce the latest additions to our cryptoasset offering. 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 crypto-assets 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 crypto-assets.”
As clarified in the update from eToro, these coins are “not currently available to clients in the US, UAE, Germany and Australia.”
As mentioned in the announcement, eToro is a trading and investing platform that “empowers you to invest, share and learn.”
They were founded in 2007 with the vision of “a world where everyone can trade and invest in a simple and transparent way.”
eToro reports over 38 million registered users from 75 countries.