eToro Expands Crypto Offering with Addition of Four New Coins
eToro, an Israeli social trading and multi-asset brokerage company, announced that it has expanded its crypto offering with the addition of Cronos (CRO), Kyber Network (KNC), Terra (LUNA) and Ethereum Name Service (ENS). For now, these four coins will not be available to US users.
● Cronos (CRO) is a blockchain network that is interoperable with both Ethereum and Cosmos. It aims to help scale DeFi and Web3 by enabling developers to instantly port apps and assets between the two networks.
● Kyber Network (KNC) connects liquidity from different sources, enabling anyone to instantly swap tokens without an exchange, and paying fees on Kyber Network.
● Terra (LUNA) is a blockchain platform focused on decentralized stablecoins. LUNA is the native asset of Terra and is used for staking, governance, and collateral for the network's algorithmic stablecoins.
● Ethereum Name Service (ENS) makes the blockchain easier to use by replacing long crypto addresses with short ENS domains. ENS is the protocol's native token and will be used to propose and vote on governance decisions.
eToro has been regularly expanding its crypto offering since the start of 2022. The launch of these four coins comes after eToro added Theta and Fantom to its crypto offering, bringing the total number of cryptoassets available on the platform to 62. This shows the brokerage's commitment to offer all its users a broad variety of cryptoassets.
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