eToro, a European social trading and multi-asset brokerage company, has added Stellar to its platform, augmenting the number of cryptocurrency assets to eight.
The move is the consequence of recent buzz around altcoins, as investors are seeking new investment opportunities.
Cryptocurrency offering at eToro
Besides Stellar, eToro offers Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic and Dash trading.
“If 2017 was the year of Bitcoin, 2018 will be the year of altcoins. As investors seek new opportunities and diversification within their portfolios, attention will shift away from the mainstream cryptos towards new challenges in the market. We’re constantly identifying and assessing new concepts as they emerge and are committed to bringing the best crypto assets onto our platform for our users to invest in. We’re excited to have Stellar now available and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community,” said Yoni Assia, co-founder and CEO at eToro.
In July 2017, eToro announced that users on its platform would own the actual asset, rather than a CFD. This option has been enabled due to increased interest among users to buy and hold the asset, rather than speculate on price movements.
“The development of blockchain technology is bringing new innovations to the market almost daily. Platforms such as eToro are an essential component in bringing together innovative project and early-adopters. We are delighted to be working with a leading crypto platform to make Stellar available more widely,” said Jed McCaleb, co-founder of Stellar Development Foundation.
Stellar will be also added to eToro’s Crypto CopyFund, which uses CFDs to enable investors to diversify across all available cryptocurrencies with just one click.
Founded in 2006, eToro is an Israeli social trading broker regulated by FCA and CySEC. The broker has more than 6 million users in over 170 countries. The clients of the company can trade in stocks, currencies, indices, ETFs, commodities and cryptocurrencies.
This pioneer of online social trading requires the minium first deposit from $500 to $100,000, depending on your region and country regulations.