eToro added EOS to its platform on April 23 in response to growing trader demand for altcoin exposure. The social trading platform serves 9 million users and offers access to more than 1,500 instrumen
eToro added EOS to its platform on April 23 in response to growing trader demand for altcoin exposure. The social trading platform serves 9 million users and offers access to more than 1,500 instruments.
eToro now lists ten cryptocurrencies, including EOS, NEO, and Stellar, all added in 2018. The platform also offers Bitcoin, Ethereum, BCH, XRP, Litecoin, Ethereum Classic, and Dash. Traders can invest directly in these instruments, mirror the trades of other users, or use eToro's CopyFunds to hold diversified portfolios.
Yoni Assia, co-founder and CEO at eToro, said the company noticed a shift in market attention in early 2018. "We've already seen attention move away from mainstream cryptocurrencies and their market share is increasing all the time. In our view, this trend is only set to continue," Assia said.
eToro will also add EOS to its Crypto CopyFund, which packages cryptocurrency holdings across market cap weightings using CFDs, enabling investors to build diversified crypto exposure in a single transaction.
Assia also noted: "We are constantly seeking to identify and assess new concepts as they emerge and we are committed to bringing the best crypto assets onto our platform for our users to invest in. We're excited to have brought EOS onto the platform already this year and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community."
By market capitalization, EOS ranks fifth, having taken this position from Litecoin. The token gained 40 percent in value during the previous week.
EOS launched as an ERC20 token on the Ethereum blockchain but will transition to its own blockchain within the coming months. Bitfinex and Binance pledged support for the MainNet swap, enabling their EOS holders to move tokens to the new blockchain without disruption.
The EOS network provides a decentralized platform that enables the development, deployment, and operation of commercial-scale applications across its ecosystem.
