- Binance (BNB) coin has become the thirteenth digital asset to be added on eToro
- The founder and CEO of eToro, Yoni Assia says he strongly believes in the potential of crypto
eToro, social trading, and multi-asset brokerage company have added support for Binance’s BNB utility token, the native cryptoasset of the world’s largest cryptocurrency exchange and trading venue. Now users can buy, sell and store BNB tokens on eToro.
eToro becomes the first multiasset exchange to list BNB
Per sources close to the development, eToro, a leading multi-asset trading platform that allows clients to engage in forex trading, financial spread betting, CFDs, copy trading and distributed ledger technology powered virtual currency trading, has added BNB coin to its growing list of supported cryptos.
Older than crypto
Co-founded in 2006 by Jonathan Assia and other experts in the traditional finance world, eToro makes it easy for users to trade a vast array of traditional assets as well as established cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC) and several others.
With the integration of BNB token into its platform, clients can now buy, sell and store an impressive thirteen cryptoassets on the platform, while also being able to take advantage of the platform’s crypto contracts for differences (CFDs).
Commenting on the matter, the CEO and co-founder of eToro, Yoni Assia, who will be giving a keynote address in the upcoming London Summit 2018, reiterated that he firmly believes in the excellent, life-changing potential of bitcoin and the altcoins despite the sensational predictions of doomsayers.
In addition to adding support for BNB coin, the eToro team has made it clear that the utility token will also be implemented on its Crypto CopyFund, a platform that makes it possible for cryptocurrency holders to diversify their digital assets via the use of CFDs.
That’s not all, eToro will now offer clients access to price movement of the digital asset in real time through the BNB/USD pairing both on live and demo trading accounts.
Launched in July 2017 via an initial coin offering (ICO), Binance cryptocurrency exchange has grown to become one of the most credible blockchain projects in the world, expanding operations to various jurisdictions including Malta and Uganda, thereby proving to critics that something good can indeed be birthed from ICOs.
Earlier in September 2018, Blockchain Reporter informed that Binance had announced that it would begin beta testing its crypto-to-fiat trading system in Singapore.
At the time of writing, Binance Coin (BNB) is the fourteenth largest cryptocurrency in the world, with a market cap of $1.23 billion, while the price of BNB sits at $9.43.
