eToro Expands Crypto Trading List with 4 New Additions - BrokersView

eToro Expands Crypto Trading List with 4 New Additions

Nov 10, 2021
Fazzaco

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The FX and CFD broker eToro announced yesterday the extension of its crypto trading lineup with 4 new additions available on its investment platform:

  • $CHZ (Chiliz). This is the leading blockchain for the sports and entertainment industry. It issues "Fan Tokens" for more than a hundred of the biggest sports and entertainment brands in the world, including FC Barcelona, PSG, Juventus, and UFC.

  • $SUSHI. SUSHI isn't just a tasty snack, it also works double-time as a governance token and a crypto exchange. The smart contracts enabled by SUSHI investors take the middleman, i.e., administrators, out of transactions. SUSHI holders can also earn rewards by contributing to the liquidity pools.

  • $QNT. Quant is bridging the gap and making applications easier to run across multiple servers and different blockchains. QNT helps investors utilize special programs that run on the Quant network, regardless of server location.

  • $AXS. One of the world's first cryptocurrency video games is here, and to play, you'll need some tokens. Combining NFTs and crypto, Axie Infinity is changing the way people game and invest. Token holders can help shape the in-game universe and govern how the platform operates.

These new additions bring eToro's total crypto offering to 40 cryptoassets.

Besides, the broker noted that the new offerings are only offered on eToro as the underlying asset. If the clients is in a region where it can only offer crypto CFDs, they will not be able to open any positions on these assets.

Shortly before, eToro has signed a sponsorship deal with Lechia Gdansk, a Polish professional football club based in Gdańsk, to promote its brand.