eToro Expands Offering with Addition of Polkadot and Filecoin

eToro, an Israeli social trading and multi-asset brokerage company, announced that it has expanded its crypto offering by adding two new tokens, showing its ongoing commitment to offer all its users a broad variety of cryptoassets.

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According to the announcement, the newly added cryptoassets are Polkadot, the world’s 9th largest digital asset, and Filecoin, the 24th most valuable cryptocurrency. The launch of Polkadot and Filecoin brings the total number of cryptoassets available on eToro to 31.

Polkadot is a crypto that is helping unify multiple blockchains into a more streamlined experience for investors. Holders gain access to simplifying the protocols of different blockchains into a decentralized custom blockchain tailored to the investor’s preferences.

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Filecoin is a unique crypto designed to help people rent and utilize unused storage space on the Filecoin network. The more users who join, invest, and take part in the network, the easier it is to access storage options and information worldwide.

“Despite recent volatility in the crypto market, we continue to see increasing interest in the asset class from both institutional and retail investors, who believe in the long-term potential of crypto,”Doron Rosenblum, VP of Business Solutions at eToro, said.”We are committed to offering our users more opportunities to diversify their portfolios with a broader range of crypto assets. We will continue to expand our range of crypto assets with more coins coming soon.”

Earlier, eToro announced that it has inked sponsorship deals with 8 clubs​ in the Italian Serie A for the coming 2021/22 season.