Cryptocurrency exchanges everywhere are revamping themselves with several additional coin listings.
Crypto, Crypto Everywhere
Cryptocurrencies are becoming more mainstream. There’s no sense in denying this, and with the recent crypto bull run beginning in early April, we’re witnessing more listings and attention being devoted to bitcoin and its altcoin cousins.
e-Toro X, for example, is the blockchain division of the cryptocurrency investment platform e-Toro. The company recently announced that it was launching its own crypto exchange and that up to eight stable currencies would be available to traders and buyers who had respective accounts.
Among the stable coins being offered on the exchange are e-Toro New Zealand Dollar (NZDX), e-Toro Japanese Yen (JPYX), the e-Toro United States Dollar (USDEX), and the e-Toro Euro (EURX). In addition, traders can look forward to six additional (mainstream) cryptocurrencies, including bitcoin, Ethereum, Ripple and Dash, and up to 37 trading pairs, including BTC-USD and XRP-GBP.
Yoni Assia – co-founder and CEO of e-Toro – explains in an interview:
Just as e-Toro has opened traditional markets for investors, we want to do the same in the tokenized world. We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional finance services through tokenization.
Assia’s comments reflect those of another cryptocurrency advocate. Bitcoin bull and venture capitalist Tim Draper recently doubled down on his bitcoin price prediction for the year 2022, claiming one unit would be worth approximately $250,000. He also mentioned that with time, fiat currencies would phase out and ultimately be replaced fully by cryptocurrencies and blockchain tokens.
Doron Rosenblum – managing director of e-Toro X – comments:
We are proud to be one of the first companies in the world to obtain a license for crypto assets, and one of only a handful of regulated exchanges in the crypto space. In the coming weeks and months, we will add more crypto assets, stable coins and tokens to the exchange, and we will work with other exchanges to encourage them to list our growing range of stable coins.
e-Toro isn’t the only company experiencing “listing fortune.” Crypto.com – a trading platform and digital payments system – recently announced that it would be adding basic attention token (BAT) to its list of available currencies for users to enjoy. BAT will now join the ranks of bitcoin, Ethereum, Litecoin and Binance Coin, all of which are among the assets already listed on Crypto.com.
Digital Assets: Officially Mainstream?
Kris Marszalek – co-founder and CEO of the organization – states:
Crypto.com shares the same goal as the Brave team – to eliminate the middleman with the power of blockchain. We are keen to support their goals in the advertising sector, and by bringing onboard BAT users, we are yet another step closer to accelerating the world’s transition to cryptocurrency.