eToro adds ApeCoin to its cryptocurrency offering

eToro, a global investment platform, is expanding its cryptocurrency offering at an astonishing pace. A new instrument has been added to trading - ApeCoin (APE). The main driving force is the community. The token symbolizes the culture, games and commerce owned by the community that creates it.

Total available eToro customers they already have 58 cryptocurrencies - and not only in the form of CFDs popular with brokers, but also traditional tokens that can be transferred to external wallets.

ApeCoin (APE) available from eToro

ApeCoin DAO is a decentralized autonomous organization (DAO) where each ApeCoin owner can decide how the organization will be managed. A dedicated council, made up of leaders and veterans of web3, games, and technology, will administer community decisions.

Yuga Labs, the makers of Bored Ape Yacht Club (BAYC), will adopt ApeCoin as their primary token for all new products and services.

The Bored Ape Yacht Club is a collection of 10 NFT Apeeach of which has its own unique characteristics. By purchasing Ape NFT, owners get NFT commercialization rights and have exclusive access to other benefits as a community member.

Guy Hirsch, managing director of the NFT at eToro, comments:

“The Bored Ape Yacht Club community has exploded over the past year. ApeCoin is the first token generated from the bottom up from a social movement. For eToro, with a community of over 27 million users, it is a natural step to share this token with your investors.

As a company that is constantly focused on growth, eToro sees great potential in NFT and space metaverse. ApeCoin represents a milestone for NFT ecosystems and digital assets, and of course, as an innovative fintech leader, we want our customers to be at the forefront. We want to offer our clients access to ecosystems that share these values. eToro has played a huge role in driving mass adaptation in the financial markets and is enabling ordinary investors to access tomorrow's technology. It continues to do so, enabling investors to invest in NFT projects.

eToro has been offering individual clients access to the cryptocurrency markets since 2013. EToro users can easily buy, store and sell real ApeCoin Underlying Assets (APE) on their trading platform using fiat currency.

ApeCoin will not be listed in the US for now.

Investing in crypto assets is highly volatile and unregulated in some EU countries. No consumer protection. Profit tax may apply.

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