eToro, the world’s leading social investment network based in London, has added Chainlink (LINK) and Uniswap (UNI) to its platform to expand its crypto offering. With that, eToro users can now invest in LINK and UNI tokens.
eToro announced the news in a press release on Monday, April 19. With the latest addition of $LINK and $UNI, the total number of crypto assets available on eToro for investment has grown to 18.
According to the company, the move is in line to meet the growing demand for crypto assets. eToro is aiming to bolster its crypto offering for both retail and professional clients in the coming months and these are the first two tokens in a series of tokens to be added this year on eToro.
LINK is the native token of Chainlink, a decentralized oracle network that creates a secure bridge between information within decentralized applications (Dapps) and information outside of the blockchain. According to CoinMarketCap, the LINK token is currently ranked at number 12 with a market cap of over $15 billion at the time of writing.
UNI is a governance token for the Uniswap decentralized exchange built on the Ethereum blockchain. Uniswap facilitates the trading of any ERC token where there is liquidity between unknown counterparties, using smart contracts. According to the announcement, trading volume on the exchange reportedly hit over $30 billion in January 2021. The UNI token has a market cap of $16 billion and is the 11th biggest crypto asset, according to CoinMarketCap.
eToro, founded in 2007, is a multi-asset investment platform that provides the way to global markets so that everyone can trade and invest in a simple and transparent way. eToro has been offering retail clients access to crypto markets since 2013. With the latest addition, eToro’s 20 million registered users can invest in 18 crypto assets that include “Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, XRP, Dash, Litecoin, Neo, Stellar, EOS, Cardano, IOTA, BNB, Zcash, Tron, Tezos, Uniswap, and Chainlink.”
Doron Rosenblum, VP of Business Solutions at eToro, commented:
“Now is the right time to be adding new cryptos to eToro. We have seen an explosion in retail investor appetite for the asset class and strong demand to invest across a greater range of tokens. Both LINK and UNI have interesting use cases and remind us that not all cryptos are designed to be currencies. Chainlink is an important project that aims to overlay internet data with information stored on the blockchain and Uniswap is a critical part of the crypto trading infrastructure.”
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