SYDNEY, AUSTRALIA: 26 October, 2021 – Global multi-asset investment platform eToro today announced that it has strengthened its crypto offerings for Australian customers, adding more than 15 new cryptoassets to the platform. Australian users will also now be able to earn staking rewards.
- Australian users now have access to 36 cryptos – users own the underlying asset
- From 1st November, Australian users will be able to earn staking rewards
- Ability to move cryptos from the eToro platform to the eToro wallet is coming soon
With 36 cryptoassets now available on the platform, Australian investors have even more opportunities to diversify their portfolios. The 15 new cryptos available to Australian users are: Solana (SOL), Cosmos (ATOM), The Graph (GRT), Curve (CRV), 1inch (1INCH), Maker (MKR), Enjin (ENJ), Shiba Inu (SHIB), Dogecoin (DOGE), Filecoin (FIL), Aave (AAVE), Compound (COMP), yearn.finance (YFI), Decentraland (MANA) and Polkadot (DOT).
Australian users opening cryptoasset positions on eToro can now purchase the underlying asset.
From November 1, Australian users will also be able to earn monthly staking rewards and enjoy simple, secure and hassle-free growth on their Cardano (ADA) and TRON (TRX) investments, through eToro’s dedicated staking service. Assets staked on behalf of users are real cryptoassets (not CFDs) and the underlying asset remains the property of the eToro user.
eToro will shortly enable coin transfer from the eToro platform to the eToro Wallet. Further details of this product enhancement will be shared in the coming weeks.
eToro has been a pioneer in the crypto markets and we are excited to observe more Australians dipping their toes into this emerging asset class.Robert Francis – eToro’s Australian Managing Director
“The crypto ecosystem is expanding with the emergence of new altcoins and as a result we are seeing Australian investors looking at crypto beyond a store of value, instead using it as a way to diversify their portfolios beyond traditional assets like stocks, in order to hedge against risks such as inflation.
“As we continue to strengthen our crypto offering Down Under, we urge investors to keep in mind that crypto is a highly volatile asset class. Investors should remember the basic tenets of investing: diversify, understand what you are investing in and never invest more than you can afford to lose,” concluded Robert Francis.
With over 23 million registered users globally, eToro allows customers to easily buy, hold and sell a range of different financial assets, including crypto.
eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 23 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.
Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.