Israeli social trading and multi-asset brokerage company, eToro has added Uniswap (UNI) and Chainlink (LINK) to its crypto product offering. The company focuses on providing financial and copy trading services. It has registered offices in Cyprus, eToro’s crypto offering now calculates 18 cryptocurrencies.
Being the 12th highest digital asset with a market capitalization of $15 billion, eToro has been valued at $10.4 billion. While Uniswap is trading at 11th, the market cap of Uniswap is $15.8 billion.
Doron Rosenblum, VP of Business Solutions at eToro, said: "Now is the right time to be adding new cryptos to eToro. We have seen an explosion in retail investor appetite for the asset class and strong demand to invest across a greater range of tokens. Both LINK and UNI have interesting use cases and remind us that not all cryptos are designed to be currencies. Chainlink is an important project that aims to overlay internet data with information stored on the blockchain and Uniswap is a critical part of the crypto trading infrastructure.
"As with all investing, we urge investors to do their research. Just as each stock has a business case, each crypto has a whitepaper where people can find out more about its use case. eToro has been offering its customers access to crypto in a safe way for over 8 years. We will continue to find ways to open up this sector to more people, including adding more tokens later this year."
At present, the total number of cryptocurrencies available on the platform is 18. Namely, Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, XRP, Dash, Litecoin, Neo, Stellar, EOS, Cardano, IOTA, BNB, ZCash, Tron, Tezos, Uniswap, and Chainlink. Another point to be noted is that XRP and BNB are not available to US clients. There are 20 million registered users on the platform who can buy, sell and hold different crypto-assets.