Uniswap (UNI) and Chainlink (LINK) now live on eToro

Written by: Ali Raza
April 20, 2021
  • eToro is seeking to provide investment and trading options for its users to diversify their portfolios.
  • The social investment network now has a total of 18 cryptocurrencies on its platform.
  • eToro wants to meet the explosive demand of retail and institutional investors by providing more products.

eToro has announced the launch of Uniswap (UNI) and Chainlink (LINK) for trading on its platform. Doron Rosenblum, Vice President of Business Solutions at eToro, confirmed the announcement via a LinkedIn post.

According to eToro, the social investment network wants to provide additional options for its users to diversify their crypto portfolios.

A total of 18 assets now available on eToro

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The two additions have taken the number of crypto assets on its platform to 18. These include Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), IOTA (MIOTA), Tezos (XTZ), Binance Coin (BNB), Tron Foundation (TRX), Cardano (ADA), Dash (DASH), Bitcoin Cash (BCH), Ripple (XRP), Zcash (ZEC), NEO, Stellar (XLM), Ethereum Classic (ETC), and EOS.

The company said the addition of these crypto-assets is part of a move to increase its crypto offerings to both retail and institutional clients amidst the perceived increase in demand.

But BNB and XRP are not available for U.S. clients due to regulatory issues, according to eToro.

eToro wants to meet the Increased demand in crypto assets

eToro stated that the industry has seen an explosive demand in crypto assets by retail investors and the company is poised to meet these demands by offering new products.

“Now is the right time to be adding new cryptos to eToro,” the firm added.

eToro was launched in 2007. The network has grown massively in the market and currently has more than 20 million registered users all over the world. It allows users to trade on different listed cryptocurrencies on its platform using fiat currencies.

The network started offering crypto to its users in 2013. Based on a recent press release by eToro, the company is duly registered and fully regulated by the Australian Securities and Investments Commission (ASIC), UK’s Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (FCA).

At the time of writing, Uniswap and Chainlink are ranked 11th and 12th respectively when it comes to the largest cryptocurrencies by market capitalization.