The UK- based eToro social trading platform has revealed that it has added to its list of supported cryptocurrencies Tron (TRX), according to an official tweet on Monday, March 25.
The announcement comes right after eToro just launched its crypto trading services in the United States at the beginning of March. The statement says that the crypto trading platform will be accessible to residents from 32 U.S. states, and the offered 13 crypto assets will include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM).
Another new development in eToro’s portfolio is the acquisition of the Firmo startup. Firmo will be used to tokenize all assets on any major blockchain platform by deploying financial smart contracts. eToro is clearly looking to expand its services and to globalize the crypto financial market.
Tron released its mainnet in June 2018, aiming to bring a decentralized platform for the digital entertainment industry, promoting fair rights for content makers as well as fair payments. Tron announced on March 4 that it partnered with famous stablecoin project Tether (USDT), with the intention of issuing a TRC20-based USDT by the Q2 of 2019.
EToro became the first trading platform to support fiat exchange against Binance Coin (BNB), the internal token that powers the popular exchange platform Binance.
eToro released a study in February 2019 which claimed that almost half of “millennial traders have more trust in digital currency exchanges than in U.S. stock market exchanges”.
Currently, the TRON coin is the 11th most valuable cryptocurrency according to market cap. Its current trading price is around $0.023 at press time, down with -2.86 percent in the past 24 hours, but with a 1.3 percent increase in the past week. It has a market cap of $1.53 billion and a circulating supply of 66,682,072,191 TRX.
Featured Image: Blockchainreporter