- Includes two eToro stablecoins
EToroX, the global investment platform’s blockchain subsidiary eToro, today announces it will add 120 ERC-20 tokens to its multi-crypto on-chain wallet.
The first 5 of the 120 tokens added to the wallet today are three crypto assets: Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG) and two eToro stablecoins: eToro EuroX (EURX) and eToro US DollarX (USDX).
Doron Rosenblum, Managing Director of eToroX, comments: “Adding 120 ERC-20 tokens to the eToro wallet is further evidence of our belief that one day all investable assets will be tokenized. One of the main barriers to cryptoasset mass adoption is lack of access. Making these first 5 tokens available allows more people to transfer them into a secure, regulated wallet. The next step will be adding more ERC-20 tokens to our exchange, which we plan to do in the near future.”
ERC-20 tokens are used exclusively on the Ethereum blockchain network and must follow a set of rules to be shared, exchanged for other cryptoassets, or transferred to a crypto wallet.
The eToro wallet is a mobile app available via Google Play and Apple App Store. It provides a user-friendly interface and enhanced security. Multi-signature* security lets users see their on-blockchain transactions and balances without fear of losing their private key**.
eToroX, an eToro Group subsidiary, develops and manages the wallet. EToroX is one of the first companies to be certified Distributed Ledger Technology (DLT) by the Gibraltar Financial Services Commission (GFSC).
* Multi-signature means requiring more than one key to authorize a bitcoin transaction.
** Private key – A secret key, which combined with an algorithm allows you to encrypt or decrypt ‘content’
ERC-20 tokens must adhere to 6 mandatory rules and have the option of following three.
Founded in 2007, eToro aims to open up global markets so that everyone can trade and invest in a simple and transparent way. The eToro Group consists of the eToro platform, our multi-asset trading and investment site, and eToroX, managing our crypto wallet and exchange.
The eToro platform allows people to invest in the assets they want, from stocks, commodities, to crypto-assets. We are a global community of over ten million registered users sharing their investment strategies, and anyone can follow the approaches of the most successful. Due to the platform’s simplicity, users can easily buy, hold and sell assets, monitor their portfolio in real-time, and transact whenever they want.
As technology evolved, so is our business. We created eToroX in 2018, our tokenized asset subsidiary. EToroX provides infrastructure in the form of a crypto wallet and an upcoming exchange that supports our commitment to facilitate the development of tokenized assets. We believe that leveraging blockchain technology will allow us to be the first truly global service provider enabling everyone to trade, invest and save.
EToroX is an eToro subsidiary. The business was formed in 2018 to provide the infrastructure to support eToro Group’s commitment to facilitating the evolution of tokenized assets. It provides eToro’s newly launched wallet and runs the exchange.
In December 2018, the Gibraltar Financial Services Commission granted eToroX a license to the distributed ledger technology (DLT) provider. With company number 116348 in Gibraltar, eToroX is registered at 57/63 Line Wall Road, Gibraltar.
EToro is regulated by the Cyprus Securities and Exchange Commission and regulated by the UK Financial Conduct Authority.
With company number 116348 in Gibraltar, eToroX is registered at 57/63 Line Wall Road, Gibraltar. It’s distributed ledger technology (DLT) provider license was granted by the Gibraltar Financial Services Commission in December 2018 (license number FSC1333B).
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