EOS price (EOS/USD) surges following listing on eToro

The EOS price (EOS/USD) has been the biggest gainer in the cryptocurrency top 10 over the past 24 hours, likely thanks to the recent announcement of a new listing on a major trading platform.

Yesterday, eToro, the popular social trading network, announced that it was expanding its portfolio of cryptocurrency offerings by enabling EOS trading on its platform. With this move, eToro brings the number of digital currencies on the website to 10, including, Bitcoin, Ethereum, XRP and Bitcoin Cash.

According to the company, the addition of EOS, as well as the recent additions of NEO and Stellar, reflect a growing trend of investors increasingly turning their attention to altcoins.

"Already in 2018 we've seen attention shift away from mainstream cryptocurrencies and their market share is increasing all the time. In our view, this trend is only set to continue, eToro’s co-founder and chief executive officer, Yoni Assia, said in a statement.

“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," Assia added.

EOS has gained more than 16% since the news was announced, with most of these gains posted during today’s trading. Earlier today, the digital coin hit $13.77, its highest price level since January 30. In has retreated to slightly lower levels in more recent trading.

As of 14:15 BST, the EOS price stood at $13.61, up 16.5% from the same time yesterday. The coin’s total market cap currently stands at just over $11 billion, data from cryptocurrency tracker Coinmarketcap shows. This makes EOS the fifth-largest digital currency on the market.