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eToro Adds EOS as Demand for Altcoins Surges

In response to raising demand for altcoin trading and investment opportunities, eToro has announced that it has added EOS to its platform effective April 23rd, 2018. eToro is a next generation world investment and trading platform and has a total of nine million investors.  The platform allows user to manually investors in more than 1,500 investment instruments. It also allows new and less-experienced traders to emulate the existing and more experienced traders. Additionally, the platform uses CopyFunds feature to allow investors access new and 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.

Noticing increasing interest in altcoin investments and trading, the platform is responding by increasing diversification to its users. It is adding new trading and investment portfolios.  In a statement, eToro Co-founder and CEO Yoni Assia said many of the users on the platform have shifted from mainstream digital currencies towards altcoins. He added that altcoins are quickly increasing their market share, a trend he says may continue.

eToro also intends to add EOS to its Crypto CopyFund, which uses CFDs to allow users investors in several all available cryptocurrencies with just a click. Assia noted that the company is always working to uncover and test new ideas as they come on the market and they are fully committed to having some of the best and profitable digital assets to the platform for users to choose from. He added that they are happy to bring EOS on board and will be watching closing to see how 2018 progresses following successful 2017 for the digital currency community.

Currently EOS is at position five on the chart in terms of market capitalization and has once again displaced Litecoin, which was initially at position five. EOS has also gone up in terms of price by 40% in just one week.  Currently EOS is ERC20 or Ethereum-based token but is expected to move to its own MainNet chain in a few months’ time.

Both Binance and Bitfinex have announced that they support the EOS shift to MainNet to help in moving EOS holders to these platforms.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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