Investment in the cryptosphere comes with a lot of challenges such as absence of regulation, volatility of crypto assets and bad players. The bad players may be classifies as one of the greatest albatrosses of the industry considering that they cost the industry in terms of losses in funds and disinterest from investors.
This is why eToro has been a bridge builder in terms of the confidence the company has restored to not a few investors due to its near impeccable business model.
EToroX, Blockchain Division
It is therefore not surprising that the firm has launched a new platform meant to accommodate another class of investors who are interested in trading more cryptocurrencies.
EtoroX is the blockchain division of the company which recently announced that its platform is now available for investors who would like to trade on a wide variety of crypto assets and a suite of stablecoins.
If you’re conversant with eToro platforms, you would not be surprised that this company is making strides in the quest to create a regulated and secure platform on which crypto investors can confidently trade their assets.
Future of Finance
Speaking on the development, Yoni Assia, the co-founder of the company said,
“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.”
There are several stablecoins, cryptocurrencies and 37 pairs available for trading on the exchange. The good thing about this platform is that everything is transparent and regulated.
Perhaps, you’re yet to hear of the social trading platform, the system in which an investor who doesn’t have any idea on how to trade could simply copy other traders and get same results as they. EToro is really good at this and the editor even recommends some of the best traders on the platform based on provable analytical tools.
Tools for Every Investor
Unfortunately, there are many investors that are not aware of these instruments and the potentials inherent in the social trading platform such as eToro has.
EToroX, the blockchain version of the company is expected based on the fact that eToro has made a mark as a regulated investment platform since 2012 when it made inroad into the cryptocurrency space with its colored coin. The eToro trading platform has been operational since 2014 and has built a reputation as a reliable investment platform.
Despite all the accolades, the setback of the platform is that it has a minimum investment of $200 which is higher than what is obtainable at many other platforms some of which have investment plans as low as $5.
Regulated Crypto Investment Platform
Doron Rosenburg, the managing director of eToroX speaking on the regulated exchange said,
“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.”
He added that the importance of tokenization is in the removal of geographical boundaries, diversification and encouragement of fractional ownership of assets.
Greatest Transfer of Wealth
EToro which was founded in 2007 has the vision of making investment in assets accessible to people irrespective of their financial skill level. Yoni Assia added that:
“We believe that we will see the greatest transfer of wealth ever as financial services move onto the blockchain. The blockchain brings transparency and a new paradigm for asset ownership. In time, we will see the tokenization of all traditional asset classes, as well as the emergence of new asset classes such as tokenized art, property or even IP. Cryptoassets are just the first step on this journey and we are excited to explore the opportunities offered by tokenization with the launch of our exchange.”
The company has continued to evolve with technology allowing people to invest in different classes of assets such as stocks, forex and cryptocurrencies.
EToro is regulated by the Cyprus Securities and Exchange Commission and the Financial Conduct Authority of the United Kingdom making it one of the safest platforms to invest in an industry that has literally been invaded by scams investment platforms and sites. You can check up eToro here.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection.
This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. In other words, that I make money from eToro doesn’t imply that you too will.