EToro is the leading social investment network in the world. Recently it has announced that it has added a Chainlink (LINK) and Uniswap (UNI) to its crypto offering service. It allows the total number of tokens that can be invested on eToro to be 18. The step is taken so that eToro can strengthen its crypto offering for both professional and retail clients in the future.
The native token of Chainlink is LINK. It was the foremost protocol to build a secure bridge between information under decentralized applications (d’apps) and information exterior to the blockchain. It checks if the information has been manipulated or falsified with the help of its network of oracles. Currently, it ranks as the 12th largest Crypto having a market value of $16 billion.
Now, UNI is a governance token created for Uniswap decentralized exchange, which was built on the Ethereum blockchain.
Uniswap allows automatic trading of any ERC token if only there is conspicuous transparency between unknown counterparties.
It does not even require an order book. In January 2021, the trading volume on the exchange had been above $30 billion.
The Vice President of Business Solutions at eToro, Doron Rosenblum, said, “Now is the right time to be adding new cryptos to eToro.” Changes in retail investor’s behavior have been noticed for the asset class and a huge demand to invest across a wider range of tokens. LINKS and UNI have fascinating use cases, and it shows us that all cryptos are not designed to be currencies only.
EToro has been granting its customers permission to access Crypto in a safe way for over 8 years. Doron Rosenblum said, “We will continue to find ways to open up this sector to more people, including adding more tokens later this year.”
EToro has been giving retail clients entry to Crypto since 2013. It’s 20 million registered users can easily transact and trade underlying assets of both LINK and UNI.