eToro Enriches Its Crytocurrency Offering with 3 New Tokens

The social investment and trading network, eToro has added three new tokens to the line of cryptoassets that customers can trade on its platform. The newly added tokens are Orchid Network (OXT), SKALE (SKL) and Band Protocol (Band).

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Orchid Network is a peer-to-peer marketplace for virtual private network (VPN) providers and users. OXT is the Ethereum token that powers the Orchid network, and is used to purchase VPN bandwidth.

SKALE is a layer 2 network for building blockchains and decentralized applications on Ethereum. SKL is the network's native token, and can be staked and used to pay for network services.

Band is an oracle protocol that bridges the gap between blockchains and real-world information such as stock prices and weather data. BAND is the native token of Band Protocol, and is used for securing the network through staking, paying for network services, and voting on governance decisions.

The launch of OXT, SKALE and BAND brings the total number of cryptoassets available on eToro to 76. This new development comes a few days after the company announced the launch of three new tokens Serum (SRM), Amp (AMP), My Neighbor Alice (Alice).