As part of its ongoing commitment to offer all its users a broad variety of cryptoassets, eToro is happy to announce that it is launching a number of new tokens.
Now available on the eToro investment platform are the following cryptoassets.
Algorand (ALGO)
ALGO is the world’s first pure proof-of-stake crypto. It allows a single ALGO to become a node within the blockchain and does not require any forking. Investors are able to execute transactions almost automatically due to self-validating transactions of ALGO. Investors also get the benefit of staking and earning rewards by HODLing onto their ALGO.
Polygon (MATIC)
Previously known as Matic Network, Polygon is an easy-to-use platform for Ethereum scaling and infrastructure development, which seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Polygon effectively transforms Ethereum into a fully-fledged multi-chain system (aka the ‘Internet of Blockchains’), utilizing Ethereum’s security, ecosystem and openness.
Basic Attention Token (BAT)
BAT is changing digital advertising and giving the power back to the users. Brave has developed a way to change advertising and protect users’ security, while awarding them with crypto. BAT (Basic Attention Token) is a special incentive cryptoasset that advertisers and users can earn just by opting-in while using the Brave web browser. This token also helps quantify and then personalize all ad content to create a more personalized browsing experience for investors in the token.
The launch of ALGO, MATIC and BAT brings the total number of cryptoassets available on eToro to 26.
Traders now have access to ALGO, MATIC and BAT together with BTC, ETH, BCH, LTC, XRP, DASH, ETC, ADA, XLM, EOS, NEO, TRON, ZEC, BNB, XTZ, LINK, UNI, COMP, AAVE, YFI, MANA and MIOTA.
Disclaimer
eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.
eToro USA LLC nvestments are subject to market risk, including the possible loss of principal.
eToro AUS Capital Pty Ltd, AFSL 491139. eToro AUS Capital Pty Ltd offers CFDs over cryptoassets. Trading CFDs does not result in ownership of the underlying assets. CFDs are leveraged and risky financial products and may not be suitable for all investors. You may lose substantially more than your initial investment. This information is general advice only. It has been prepared without taking into account your objectives, financial situations or needs, and you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. You should consider our PDS before making any decision about whether to trade CFDs.
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
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The post New Cryptoassets Available on eToro – June 2021 appeared first on The Daily Hodl.
