Israeli brokerage eToro announces to add Chainlink and Uniswap to its 16 tokens to offer retail investors via its trading platform. eToro continues to grow the crypto marketplace.
Both tokens establish in the DeFi ecosystem.
LINK is the native token for Chainlink. The first protocol was to create a secure bridge between information within decentralized applications and information outside of the blockchain. Its network of Oracles determines if the data has falsified or manipulated. It is currently the 12th biggest crypto with a market value of over $16 million.
UNI is a government token for the Uniswap decentralized exchange built on the Ethereum blockchain. It facilities automatic trading of any ERC token where there is liquidity between unknown counterparties using smart contracts. In January 2021, trading volume on exchange reportedly hit over $30 billion. UNI has a market cap of over $16 billion. It is the 11th biggest crypto asset according to Coinmarketcap.
“Both LINK and UNI have an interesting use case and remind us that not all cryptos are designed to be currencies,” said Doron Rosenblum, VP of Business Solutions at eToro, “Chainlink is an important project that aims to overlay internet data with information stored on the blockchain, and Uniswap is a critical part of the crypto trading infrastructure.”
“As with all investing, we urge investors to do their research. Just each stock has a business case each crypto has a whitepaper where people can find out more about its use case. eToro has been offering its customers safely access to crypto for over 8 years. We will continue to find ways to open up this sector to more people, including adding more tokens later this year.”
Since 2013 eToro has been offering retail client access to the crypto market. eToro’s 20 million registered users globally across 140 countries can easily buy, hold and sell the real underlying asset of both LINK and UNI on its investment platform using fiat currency.
eToro to Follow Coinbase Lead With Public Listings
eToro’s public list has come after the introduction of another crypto giant on Nasdaq. Coinbase, trading under the ticker symbol $ COIN, was a huge success in its first week on the stock exchange.
Since introducing support for cryptocurrency in 2014, eToro has become one of the leading onboarding platforms in crypto. In March, it announced to go public through a merger with special purpose acquisition company (SPAC) FinTech Acquisition Corp in a $10.4 billion deal. It has approximately 20 million users across 140 countries. In 2020, it added five million users and generated more than $ 600 million in revenue.
