eToro considers crypto list expansion

Posted 12 July, 2018

The social trading platform – eToro – reportedly plans to expand the list of the cryptocurrencies supported on the exchange.

According to the news reports citing eToro's managing director Iqbal Gandham, eToro is now considering potential six coins, with 4-5 of them to be added. The company representative did not indicate particular coins are under consideration.

"It depends on the nature of the coins and the nature of the teams over whether or not all the tokens will be added," he said to the media.

At the same time, the company director noted that the downward trend in 2018 enabled companies in the crypto segment to pluck up and put up with the hiking demand for cryptos.

"Most exchanges will concur that the industry has needed the low prices, which are a breathing space that the industry needed. We struggled to keep up last year. This year has been a blessing in disguise,” reported NewsBTC citing Iqbal Gandham.

In addition, he criticized the main mass medias saying that they have taken "very sceptical view on cryptocurrencies calling them a speculative bubble." He believes that people should revise their position towards cryptos. In fact, he stated, this is a great innovation, and it just requires some more time.  

"eBay had scalability issues, Amazon had scalability issues. I hope these reports move away from that tired commentary on crypto,” he said.

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12 July, 2018 17:42

← CEZA expects crypto exchange certification to generate $67 million

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CEZA expects crypto exchange certification to generate $67 million

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