eToro adds TRON’s TRX, TRX becomes the 15th cryptoasset available on eToro’s platform
eToro, the global investment platform with over 10 million registered users, today added TRON’s TRX token to its platform. This brings the total number of crypto-assets available on eToro to 15.
TRON is an ambitious, multi-faceted project seeking to ‘decentralise the internet’. TRON gained significant attention following its acquisition last year of BitTorrent, one of the largest peer-to-peer sharing platforms in the world with more than 100 million active users. BitTorrent earlier this year launched BTT, a utility token based on the TRON protocol, its first step in tokenizing its content sharing ecosystem.
Yoni Assia, co-founder and CEO at eToro, commented: “TRON is making fast progress towards lofty ambitions, and has rightly garnered the attention of the crypto community. Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”
TRON, founded by Justin Sun, is currently the 10th largest cryptoasset in the world, with a market cap of $1.5 billion.
“With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets,” Sun said. “These steps will help grow the blockchain community and expand our reach around the world.”
As investors increasingly seek to diversify their crypto holdings, TRX joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB and ZCASH on the eToro platform.
TRX will also be added to eToro’s CryptoPortfolio, which enables investors to diversify across all available crypto-assets (weighted by market cap) with just one click.
Like all other crypto-assets on eToro, investors buying TRX on eToro own the real underlying asset.
About eToro:
eToro empowers people to invest on their own terms. The platform enables people to trade and invest in the assets they want, from stocks and commodities to cryptoassets. eToro is a global community of more than ten million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want. www.etoro.com
Disclaimer:
eToro is regulated in Europe by Cyprus Securities and Exchange Commission and regulated by the Financial Conduct Authority in the UK.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk
