eToro adds Hedera Hashgraph and Avalanche to its crypto offering

eToro, a global investment platform, has announced that it is adding two new assets to its cryptocurrency offering. Hedera Hashgraph (HBAR) and Avalanche (AVAX) are now available on the platform, increasing the total number of crypto assets offered to 51.

AVAX and HBAR available on eToro

Company eToro as it turns out to be a clear leader compared to other Forex / CFD brokers in terms of the cryptocurrency offer. Virtually every month, new tokens are added to the list of instruments, which we can buy both as "physical" cryptos and in the form of leveraged CFD instruments. At the beginning we informed you about the addition of crypto Ankr, Bancor, dYdX and 0x. This time, the choice fell on AVAX and HBAR - short descriptions of each of the projects are presented below.

• Avalanche (AVAX) is an intelligent contact platform focused on speed, security and sustainability, founded by Cornell University Computer Science professor Emin Gün Sirer. It is compatible with smart contracts and tools Ethereum, allowing Ethereum users and developers to quickly access high-performance decentralized applications. AVAX is the native token of the Avalanche blockchain.
• Hedera Hashgraph (HBAR) is a distributed ledger technology alternative to blockchain, designed for corporate use based on the Directed Acyclic Graph technology. The network is powered by the native HBAR cryptocurrency and managed by a group of global corporations including Boeing, IBM and Google.

John Nahas, vice president of business development at Avalanche commented:

“We are still at a very early stage in blockchain adaptation, and even more so with cutting edge projects like Avalanche. eToro is a leader in making digital content and the future of finance accessible to a mass audience. ”

David Cramer, COO of The HBAR Foundation said:

“Hedera provides fast transactions, virtually real-time settlements, low fees and carbon neutrality for Web3 power users in our distributed enterprise-class registry.Our eToro offering makes HBAR accessible to a large number of investors and cryptocurrency enthusiasts who can now invest in the crypto assets that are fueling Hedera's growing network. "

eToro has been offering individual clients access to the cryptocurrency markets since 2013. EToro users can easily buy, store and sell the real underlying assets of Hedera Hashgraph (HBAR) and Avalanche (AVAX) on their investment platform using fiat currency.

“Retail Investor Pulse, a study by eToro shows that one in four crypto investors currently focuses on the 'altcoin' market segment. With the rising trends in DeFi and Metaverse, no better time to add more options to the eToro platform ”- said Tomer Niv, director of Global Crypto Solutions at eToro. “Both HBAR and AVAX have their own compelling use cases, so we're very excited to add them to our offering. As the sector grows, we will offer more options to enable investors to further diversify their investments. "

For now, these tokens will not be available to US users.

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