Saturday, May 30, 2020

eToro Launches Adapted Cryptocurrency Wallet for Bitcoin and Major Altcoins

EToro, a technological platform for trading cryptocurrency and fiat currencies worldwide, has introduced its adapted cryptocurrency wallet today. The eToro wallet houses some of the top coins in cryptocurrency including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH).

eToro Aims to Keep Expanding

The crypto trading giant broke records in October by becoming the initial technological platform to allow for fiat trading of the Binance Coin (BNB), Binance’s very own token, which as of today, sits comfortably at the 14th position in terms of market capitalization as ranked by CoinMarketCap. The trading platform also commented that it wouldn’t relent on its efforts to bring in additional features to the new cryptocurrency wallet.

The CEO of eToro, Yoni Assia, made a few clarifications in the press release while talking about the introduction of the eToro exchange platform’s new crypto wallet. Assia feels that the launch of the new wallet is just the start. In ample time, the company plans to bring in additional features to the wallet by adding more crypto tokens, changing from one cryptocurrency coin or token to another, supporting the deposit of fiat currencies into the wallet, payment in store among others.

“The eToro wallet today is just the beginning and we will adding a whole host of additional functionality which will include supporting additional crypto and fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in store and more,” said Assia.

The technological platform is home to an outstanding ten million recorded users, with its latest wallet addition to its ecosystem as an added plus to its users. The wallet is a rollout of a part of a series of future additions in the eToro roadmap.

Notably, eToro currently supports 14 top cryptocurrencies which include EOS, Stellar (XLM), Dash, Ripple, Zcash, NEO, Binance Coin (BNB), IOTA (MIOTA), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Cardano (ADA), and Ethereum Classic (ETC), all of which are significant and take a huge market share of the cryptocurrency market. All the supported digital tokens are also in the top 20 cryptocurrencies based on market capitalization as recorded by CoinMarketCap.

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