The global leader in social investment network, eToro, has now included Chainlink (LINK) and Uniswap (UNI) to its already long list of crypto offerings. The announcement came amid eToro’s quest to boost its crypto offerings for retail as well as professional clients.
eToro Offers Multiple Crypto Assets
Announced Monday, with the addition of LINK and UNI, the multi-asset investment platform has increased the number of offered crypto assets to 18, including:
Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple’s XRP, Dash (DASH), Litecoin (LTC), Neo (NEO), Stellar’s Lumen (XLM), EOS, Cardano (ADA), IOTA, Binance’s BNB, ZCash (ZEC), Tron (TRX), Tezos’ Tez (XTZ), Uniswap (UNI), and Chainlink (LINK).
With the exception of XRP and BNB, eToro’s U.S.-based clients have been availed rest of the 16 tokens.
Recognized Cryptos: LINK and UNI
Chainlink was the first protocol to create a secure, information-exchange bridge between off-blockchain sources and on-blockchain smart contracts via oracles, which simultaneously also checks if the information provided has been falsified or manipulated. Its native token, LINK, is the 12th biggest token with a market cap of around $16 billion.
Uniswap is an Ethereum-based decentralized exchange that using smart contracts facilitates automatic ERC token trade when there is liquidity between unknown counterparties. Reported in January, the exchange’s trading volume surpassed $30 billion. Uniswap’s governance token, UNI, with a market cap of above 16 billion, has overtaken LINK as the 11th biggest crypto asset.
Cryptos Aren’t Just Currencies
The Vice President of Business Solutions at eToro, Doron Rosenblum, shared, witnessing an “explosion” in retail investors’ interest and demand for a wider range of tokens, “now is the right time” for eToro to add “new cryptos.” He described LINK and UNI aren’t just currencies. Chainlink is an “important project” to overlay internet data with the stored, on-blockchain information, and Uniswap is “a critical part of the crypto trading infrastructure.”
More Cryptos will be Added Later This Year
Rosenblum urged investors “to do their research” by referring to the crypto whitepaper that details “its use case.” He recounted eToro has been offering safe access to crypto for the past eight years and assured it’ll continue to develop further, and more tokens will be added later this year.
Offering investment in crypto since 2013, eToro has a strong client base of over 20 million users registered globally, who now get to trade the real underlying assets of LINK and UNI too on the investment platform.
