eToro is expanding its offerings to include the world’s 9th largest digital asset, Polkadot. Plus Filecoin – which has been valued at $283 million and ranked 24th by Coinmarketcap!
Customer demand for these coins has grown significantly. More investors begin looking into digital currencies for diversification purposes or simply because they’re Bitcoin alternatives.
eToro is a global investment platform that offers real-time trading in various assets, including cryptocurrencies. The broker has been around since 2017. It operates under the jurisdiction of top-tier finance agencies two tier-1 jurisdictions and one tier-2 jurisdiction. If anything, that spells that it’s a safe broker to trade cryptocurrencies.
eToro announced that their offering now consists of 31 cryptocurrency assets. In addition, they also offer a variety of trading options for investors with different goals and risk appetites in mind. From short-term traders looking to capitalize on quick moves up or down within the market; right through day traders who want an edge at picking winners before others realize what’s happening!
With the addition of several digital assets including Chainlink, Dogecoin, and Uniswap to its crypto offerings since January 2021; it seems that this financial services provider’s large leap forward comes as no surprise to anyone.
Who knew that Polka Dot, a currency used in the world of digital finance to purchase goods and services from online stores would one day become more valuable than Dogecoin or Litecoin? That’s right!
With their market cap at $31.4 billion versus just over $30 billion for those two other cryptocurrencies on our list – you know it must be true.
These are some serious numbers that show how far this little coin has come since its inception back in 2015 by three guys who wanted nothing more than an amusement park ride themed around dots (hence “Polkadot”).
Filecoin (FIL), on the other hand, is a new digital asset that saw an increase of more than 250% in 2021. The current market capitalization amounts to about $8 billion. This puts it among the top coins for investment value this year so far – rankings which sure only get higher!
Speaking on the latest addition in their investment portfolio, VP of Business Solutions at eToro, Doron Rosenblum, had this to say, “Despite recent volatility in the crypto market, we continue to see increasing interest in the asset class from both institutional and retail investors, who believe in the long-term potential of crypto. We are committed to offering our users more opportunities to diversify their portfolios with a broader range of crypto assets. We will continue to expand our range of crypto assets with more coins coming soon.”
How Popular Are Cryptocurrencies?
In 2021, digital currencies saw a massive increase in popularity as the overall global user base grew by more than 100%.
Cryptocurrency assets were in high demand during the first half of this year. The overall market for crypto assets reached an all-time high, showing no signs of slowing down and continuing to grow rapidly as more people invest in cryptocurrencies across every continent on Earth.