The Latest Additions to eToroX
On November 12, 2023, eToroX, the digital asset branch of the well-known social trading platform eToro, revealed a new twist in their offerings: the listing of privacy coin Dash alongside seven newly-added stablecoins. It seems eToroX is doubling down on providing a more diverse trading experience, and they want you to be a part of it.
What Are These New Stablecoins?
eToroX’s latest release includes stablecoins linked to various currencies. Talk about a global mix! Users can now trade:
- Turkish Lira (TRYX)
- Polish Zloty (PLNX)
- South African Rand (ZARX)
- Hong Kong Dollar (HKDX)
- U.S. Dollar (USDC)
- Tether (USDT)
This move has increased the total number of tradeable assets on the eToroX platform to a whopping 26!
Aiming at Professionals and Institutions
Doron Rosenblum, managing director at eToroX, made it clear that the incorporation of USDC and USDT aligns with their efforts to focus on professional and institutional algo traders, especially in Asian markets. As he succinctly put it:
“Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”
Tokenized Gold: The New Digital Asset
In addition to the new stablecoins, eToroX has introduced a new trading pair that features the asset everyone loves: gold! Users can trade tokenized gold (GOLDX) against Bitcoin (BTC). Rosenblum highlighted the uniqueness of this pairing:
“Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination.”
For all the gold bugs out there, this is your chance to diversify your digital wallet with some shiny virtual gold!
Tech Partnerships Enhance Trading Experience
But wait, there’s more! eToro recently partnered with a finance management startup called The Tie to establish a sentiment-based analytical tool. This innovative tool is designed to track how people perceive cryptocurrencies, and it could be just what traders need to stay ahead of the curve. After all, who doesn’t love a little analytics in their trading game?
Wrapping It Up
All in all, eToroX’s latest announcements showcase their commitment to enhancing the cryptocurrency trading scene. With new offerings, strategic partnerships, and a focus on institutional traders, eToroX is positioning itself to be a player in both the crypto and traditional markets. Happy trading!
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