eToro adds IOTA to expanding list of cryptoassets

London-based investment platform eToro has announced that it has added IOTA to its growing list of cryptocurrencies available for trading.

According to the company, IOTA has made the ranks as the latest addition in order to offer eToro customers diversity in their cryptocurrency portfolio. The altcoin will be available for trading on the platform alongside Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Litecoin, Ethereum Classic, Cardano, Stellar, EOS, NEO, TRON, ZCASH, Binance Coin and Tezos.

Crypto investors on eToro own the actual cryptoasset with eToro acting as custodians of the coins. IOTA will also be added to eToro’s CryptoPortFolios, which uses CFDs to enable investors to diversify across all available cryptocurrencies (weighted by market cap) with just one click.

In light of the new listing, eToro co-founder and CEO Yoni Assia stated:
“At eToro we believe in diversification and we are committed to bringing more cryptoassets onto our platform for our users to invest in. Today, there are billions of devices that rely on the Internet of Things and this number is growing exponentially, with millions more new sensors added every week, as the planet becomes ever-more connected. IOTA aims to be the ‘ledger of everything’ by allowing data exchange between the sensor-equipped devices that populate IoT.”

Since the early days of Blockchain, eToro has been a global fintech leader to provide you with a complete crypto trading solution. eToro is the world’s leading social trading network, with millions of registered users and an array of innovative tools like the eToro Money crypto wallet where you can easily and simply buy, store, receive and transfer over 120 cryptocurrencies, and change any of more than 500 pairs. This does not apply to US users, eToro USA LLC does not offer CFDs.

eToro’s vision is to open the global markets for everyone to trade and invest in a simple and transparent way. Use award-winning social trading features to connect with over 15 million users worldwide and find top-performing crypto traders to copy with CopyTrader™. Build your ultimate crypto portfolio without deposit fees via a wide variety of payment options, including credit card and PayPal.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

One of eToro’s main goals is to remove barriers and make online trading and investing more accessible to the everyday user. eToro takes great pride in the fact that they have been around since the earliest days of the Fintech Revolution. Whether by introducing new and exciting ways to trade and invest online or by inventing cutting-edge financial products – they are, and always will be, innovators and disruptors in the Fintech space.