eToro launches cryptocurrency exchange, adds support for multiple fiat-based stablecoins

Exchanges • April 16, 2019, 9:20AM EDT
UPDATED: April 16, 2019, 11:08AM EDT
The Block

eToro, the global multi-asset trading platform has officially unveiled its fully regulated cryptocurrency exchange, eToroX. The exchange will have 37 crypto-to-fiat asset pairs and will initially support 16 assets including:

  • 8 fiat-based stablecoins (Canadian dollar, U.S. dollar, Swiss franc, Pound Sterling, New Zealand dollar, Japanese yen, euro, and the Australian dollar)
  • 2 metal-based stablecoins (gold and silver)
  • 6 cryptocurrencies (Bitcoin, XRP, Litecoin, Dash, Bitcoin Cash, and Ethereum)
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"We will continuously innovate eToroX to add more features and more assets," eToro CEO and co-founder, Yoni Assia, said on stage during his Paris Blockchain Week Summit presentation.

Last month, eToro also launched a trading platform and wallet service to 32 U.S. states and territories, enabling users to trade 13 cryptocurrencies. 

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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