The Arrival of Tezos on eToro

On August 5, eToro, the UK-based trading platform that’s part exchange, part social network for the investing crowd, pulled back the curtain on its latest offering: Tezos (XTZ). Now, the 16th-largest cryptocurrency by market cap has landed on the platform, adding yet another feather to eToro’s growing cap.

A Growing List of Cryptos

Tezos is now the 15th cryptocurrency available for trading on eToro, following heavyweights like Bitcoin, Ether, and XRP. It seems eToro is on a mission to become a buffet for crypto lovers—who doesn’t love a smorgasbord of digital coins? Here’s a quick list of the cryptocurrencies now welcomed into the eToro family:

• Bitcoin (BTC)
• Ether (ETH)
• XRP
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Ethereum Classic (ETC)
• Dash (DASH)
• Stellar (XLM)
• NEO
• EOS
• Cardano (ADA)
• IOTA (MIOTA)
• ZCash (ZEC)
• Tron (TRX)
• Tezos (XTZ)

Yoni Assia’s Thoughts on Tezos

In a press release that could rival the morning coffee in excitement, eToro’s co-founder and CEO, Yoni Assia, hailed Tezos’ advancements in the crypto realm, especially its traction among banks looking to issue security token offerings. Talk about a solid endorsement! Assia made it clear that increasing access to assets is a cornerstone of eToro’s mission, stating:

“As we see financial institutions move more into the world of crypto, it is important that ordinary investors can take advantage of these technological developments, which is why we’re excited to be adding coins like Tezos to eToro.”

Riding the Price Surge

Investors, hold on to your hats! Tezos’ listing comes on the back of a near 50% price surge within the past week. The excitement reached a fever pitch with a nearly 8% price spike just yesterday. This rally found its roots in the recent announcement from Coinbase, which declared it would also be supporting Tezos on its professional trading platform, Coinbase Pro. It seems Coinbase knows how to throw a good crypto party, too!

What’s Next for XTZ?

As eToro and Coinbase fan the flames of excitement, the future of Tezos looks promising. Earlier today, Coinbase Pro announced that its XTZ/USD and XTZ/BTC trading pairs were entering a transfer-only mode, allowing for inbound transfers. This means orders can’t be placed yet, adding a little suspense to the mix.