eToroX, the crypto-focused arm of the global trading platform, eToro, announced today the launch of its new cryptocurrency trading desk for professional traders.
The new exchange which eToro labels as fully secure and regulated allows users to trade major cryptocurrencies, Bitcoin (BTC), Ether (ETH), Ripple (XRP), dash (DASH), Litecoin (LTC) and Bitcoin Cash (BCH).
Also straight out the door, the exchange offers 37 cryptocurrency trading pairs with eight stablecoins also in the mix. The eight stablecoins offered by eToroX includes,
- Six fiats backed stablecoins (USDEX U.S. dollar) (CADX Canadian dollar), (CHFX Swiss franc), (GBPX Pound Sterling), (NZDX New Zealand dollar), (JPYX Japanese yen), (EURX euro), and the (AUDX Australian dollar).
- Two metal based stablecoins (GOLDX gold) and (SLVRX silver).
Following the release of the new eToroX trading platform, the firm’s CEO Yoni Assia reportedly said that they would introduce new pairs in the coming months to promote crypto trading to everyone. He noted,
“We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.”
As Coinfomania reported in December, eToroX acquired the license to operate its crypto exchange from the Gibraltar Financial Services Commission (GFSC) and also hopes to add a trading venue for tokenized securities to its newly launched exchange soon.