A global trading and investment platform, eToro, adds IOTA (MIOTA) to its list of crypto assets. Due to this addition, the total number of available cryptocurrencies is now 12.
This addition of MIOTA comes as investors are looking to diversify their cryptocurrency portfolio; IOTA (MIOTA) is at present accessible on the platform besides BTC, ETH, BCH, BCH, XRP, LTC, ETC, DASH, XLM, EOS, ADA, and NEO.
Yoni Assia, the co-founder and CEO at eToro, states:
“At eToro we believe in diversification and we are committed to bringing more crypto assets onto our platform for our users to invest in.”
Tangle, the block-less technology of IOTA, results in zero-fee transactions. This only means that these tools are capable of trading the precise amount of resources when needed. In addition, storing of data from sensors, as well as data-loggers, is safe. Notably, IOTA is proposing to become the foundation for IoT (Internet of Things).
Assia Further Elaborates
“Today, there are billions of devices that rely on the Internet of Things and this number is growing exponentially, with millions of 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.”
The addition of IOTA is to eToro’s Crypto CopyFund, which utilizes CFDs (contracts for differences). As a result, investors can branch out across all accessible cryptocurrencies with a simple click.
eToro is governed by the Cyprus Securities and Exchange Commission, and the U.K.’s FCA (Financial Conduct Authority). Besides investing in cryptocurrencies, the platform allows people to invest in stocks as well as commodities.
2018 has been a productive year for the platform because it has been adding new cryptocurrencies throughout the year. During March, eToro was able to raise almost $100 million in a venture. This money is for supporting their worldwide development as well as for the development of blockchain technologies.
Assia, in a conference with CoinJournal in May, talked about the launch of the exchange. The launch was to be in the later period of this year. As a result of this, he said that eToro could “support hundreds of tokens.” Additionally, the platform has a forthcoming crypto offering in the U.S., as well as an eToro wallet launch. Above all, the platform is establishing itself as a committed player in the world of cryptocurrencies.
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