eToroX, the wing of the blockchain of the eToro investment platform, has added five new stablecoins to its platform in addition to Dash, USDC and USDT. New options will allow institutional traders to use more instruments on a regulated crypto exchange.
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According to official announcementStable coins have recently been added: Turkish Lira (TRYX), South African Rand (ZARX), Hong Kong Dollar (HKDX) and Singapore Dollar (SGDX). New additions allow you to increase the number of stable coins on platform up to 17. Others: US dollar (USDEX) euro (EURX) and pound sterling (GBPX). The exchange also supports USDC, USDT and Dash. eToroX also offers a cryptocurrency pair GOLDX / BTC.
GoldX, which is a tokenized gold stable coin, is the national currency of the platform for trading in conjunction with bitcoins. According to Managing Director Doron Rosenblum, “a gold / bitcoin pair provides an opportunity to trade between old and new value stores.”
96 trading pairs on eToroX
Since the launch in April of 2019, the platform has flooded 96 trading pairs. It is planned to add more digital currencies, trading pairs and stablecoins to its platform “in the coming months”.
eToroX is committed to supporting the needs of traders who seek to inject crypto assets on a secure and regulated platform. New additions also indicate the orientation of the platform on the Asian market.
Speaking of the new development, eToroX Managing Director Doron Rosenblum said:
“We see the addition of USDC and USDT as a way to further meet the needs of professional and institutional traders, especially in Asian markets. The addition of five new stable coins plus the addition of the Dash crypto asset demonstrates our constant desire to bridge the gap between the world of blockchains and traditional financial markets. ”
Thanks to new additions, the eToroX platform is still focused on opening the world of blockchain trading. A subsidiary, the eToro Group, is committed to providing an infrastructure that supports the parent company's commitment to promoting the development of tokenized assets.