Global powerhouse cryptocurrency trading and investment platform eToro has today revealed that Cardano (ADA) is to be the eleventh tradable digital asset supported by its service.
Cardano’s token will be made available to over ten million eToro users today. ADA boasts being the world’s first blockchain to be completely peer-reviewed. It has a goal of being the adopted solution to scaling problems associated with Bitcoin and Ethereum while providing infrastructure for smart contracts, while acting as its own native cryptocurrency.
The increasing variety of popular altcoins is understood to be a reaction to increased demand from investors turning to budding blockchains as a means of diversifying their cryptocurrency portfolios.
The high volatility of markets combined with rapid development of major altcoins such as Tron (TRX) and EOSIO (EOS) has led to possibilities of a new market landscape and investors are seeking new opportunities.
We are seeing growing interest in new cryptocurrencies increasing all the time. We are committed to bringing the top traded crypto assets onto our platform for our users to invest in,” said Yoni Assia, eToro co-founder and CEO.
Cardano will automatically be added to eToro’s Crypto CopyFund, a tool that allows the automatic spreading of investment across all supported cryptocurrencies, weighted by market cap.
It was reported last month that Cardano is to be integrated with South Korean mobile payment platform Metaps Plus, which would see the ADA token be made usable in over 33,000 franchise stores by the third quarter of 2018.
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