On Monday (March 25), leading social trading platform eToro, which has over 10 million registered users, announced that it had added support for TRON (TRX).
eToro, which calls itself "the world’s leading social trading network", was born in January 2007. Perhaps, the best example of eToro's social trading tools is "CopyTrader", which "enables clients to automate their trading by allocating some of their funds to replicate another investor’s activity and copying every move they make in real time."
Although eToro had allowed trading in Bitcoin (via CFDs) as early as 2013, it wasn't until 2017, when it became possible to directly trade and invest in Bitcoin, Ethereum, Litecoin, and other popular cryptoassets.
With today's announcement, TRON (TRX) becomes the 15th cryptoasset be listed on eToro (the others are Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, Binance Coin, and Zcash). It is worth noting that "TRX will also be added to eToro’s CryptoPortfolio, which enables investors to diversify across all available crypto-assets (weighted by market cap) with just one click."
Mati Greenspan (@MatiGreenspan on Twitter), Senior Market Analyst at eToro, explained to CryptoGlobe why eToro had decided to add support for TRON:
"Tron has been one of the most highly requested cryptos from clients looking to trade it on our platform, so we are very proud to provide it today."
Yoni Assia, co-founder and CEO at eToro, stated:
“TRON is making fast progress towards lofty ambitions, and has rightly garnered the attention of the crypto community. Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”
As for Justin Sun, the founder and CEO of TRON foundation, this is what he had to say:
“With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets. These steps will help grow the blockchain community and expand our reach around the world.”
Featured Image Courtesy of eToro