eToro Expands Its Crytocurrency Offerings, Adds 3 New Tokens to Platform

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 Immutable X (IMX), Livepeer (LPT) and Cartesi (CTSI).

Immutable X is a Layer 2 scaling solution for NFTs on Ethereum. IMX is the Ethereum token that powers Immutable X, and is used for staking, voting on governance decisions, and paying transaction fees.

Livepeer is a decentralized video streaming network built on Ethereum. It allows network participants to rent out their idle computing resources for video processing in exchange for fees. LPT tokens are used for staking and paying broadcast fees.

Cartesi is a blockchain scaling platform that enables developers to build decentralized applications using Linux. It uses optimistic rollups to perform computation off-chain. CTSI tokens are used for staking and paying data processing fees.

The launch of IMX, LPT & CTSI brings the total number of cryptoassets available on eToro to 67. This new development comes a few days after the company announced the launch of LuxuryBrands, the latest addition to its suite of themed Smart Portfolios, offering investors long-term exposure to the luxury goods industry.