New EToroX Cryptocurrency Exchange Introduced
October 15, 2019
The eToro social trading and investment platform today announced the launch of eToroX at Paris Cryptocurrency Week, according to Finovate's Julie Muhn.
The new platform is a digital asset swap regulated by the Gibraltar Financial Services Commission.
Doron Rosenblum, managing director of eToroX, says: "We are one of the first companies in the world to be licensed for crypto assets, and one of the few regulated exchanges in the crypto space."
The exchange supports six cryptocurrencies: Bitcoin, ether, ripple, dash, bitcoin cash, and litecoin.
EToroX will also support eight fiat stable coins, 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).
"In the coming weeks and months, we will add more crypto assets, stable coins, tokens, and will work with other exchanges to encourage them to list our growing assortment of stable coins," adds Rosenblum.
EToro, which has 15 cryptocurrencies on its platform, launched eToroX in 2018 to support token trading. The eToroX cryptocurrency wallet helps companies strive to ensure that everyone can trade, invest, and save.
Just as eToro opened up traditional markets to investors, we want to do the same in the token world. "We want to bring crypto-tokenized assets to a wider audience so that they can trade confidently," says Yoni Assia, co-founder, and CEO of eToro. "This is the future of finance. The blockchain will ultimately "eat up" traditional financial services through tokenization."
EToro has raised $ 223 million since its founding in 2007.