Crypto Investment Platform eToro Adds Support For Tron’s TRX Token

News | March 25, 2019 By:

Social trading network eToro has added support for Tron (TRX), bringing the total number of crypto assets available on its platform to 15.

Founded in 2007, eToro is a regulated global brokerage firm for trading cryptocurrencies, stocks, commodities, ETFs and more. It has created a global community of more than ten million registered users who share their investment strategies and anyone can follow the approaches of those who have been the most successful. The platform allows investors to hold commodities, stocks, ETFs and cryptocurrencies, alongside thousands of other financial instruments all in one portfolio.

TRX, the eleventh-largest cryptocurrency by market cap, is that native cryptocurrency of the Tron blockchain that can be used by content consumers to pay for the content they want to access on the Tron network. These tokens would then go to the content producers’ accounts, where they can be exchanged to other cryptocurrencies, or used to pay for blockchain services.

TRX has been added to eToro’s CryptoPortfolio, which enables investors to diversify across all available digital assets, including bitcoin, ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB and Zcash.

“With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets,” said Tron founder Justin Sun. “These steps will help grow the blockchain community and expand our reach around the world.”

Yoni Assia, Co-founder and CEO at eToro, said that they decided to add TRX because they see Tron as an ambitious multi-faceted project that aims at decentralizing the Internet.

“Tron is making fast progress towards lofty ambitions, and has rightly garnered the attention of the crypto community,” Assia said. “Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”