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eToro enables Uniswap (UNI) and Chainlink (LIUNK) trading for its 20 million users

eToro enables Uniswap and Chainlink trading for its 20 million users
Jordan
Major
Updated: 15 May, 2021
2 mins read

Social trading and multi-asset brokerage exchange eToro has added Chainlink (LINK) and Uniswap (UNI) to its crypto product offering. 

The addition of the two assets was confirmed by eToro’s Vice President of Business Solutions, Doron Rosenblum. This brings eToro’s crypto offering to 18 cryptocurrencies. 

By press time, Chainlink was the 12 highest digital asset with a market capitalization of $15 billion, while Uniswap ranks 11th with a market cap of $15.8 billion. 

Increasing institutional investors interest in crypto

According to Rosenblum, the addition of more assets is inspired by the increasing value of the cryptocurrency sector. He notes that the exchange is also leveraging on rising institution interest in the industry

“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,” said Rosenblum

Currently, eToro’s platform has about 20 million registered users who can buy, hold and sell the different assets. 

The platform offers bitcoin, bitcoin cash, ethereum, ethereum classic, XRP, dash, litecoin, neo, stellar, EOS, ADA, IOTA, BNB, ZCash, Tron, Tezos, uniswap, and Chainlink.

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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