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Due to the increased interest in altcoins among crypto traders, Israeli forex broker and social trading platform developer eToro added Stellar lumens (XLM) to its crypto portfolio. As a result, its clients can now trade in a total of eight digital assets: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Dash, Litecoin, Ethereum Classic and Stellar.
“We’re excited to have Stellar now available and we look forward to seeing how the market develops in 2018 following a very successful 2017 for the crypto community,” commented Yoni Assia, Co-founder and CEO at eToro.
Unlike other forex brokers, which offer cryptocurrency trading in the form of Contracts-For-Difference (CFD), eToro allows users on its platform to own the actual asset. For that purpose, the broker has launched a blockchain cryptocurrency wallet. Moreover, eToro offers its clients the option to trade cryptocurrencies as CFDs via its Crypto CopyFund service. Stellar will also be added to it.
The news that eToro launches trading in Stellar comes a couple of days after the broker has become a part of CryptoUK – the first self-regulation organization in the cryptocurrencies sector.
eToro was launched in 2008 and offers a social platform for investors to communicate, share strategies and trade in forex, CFDs, commodities, indices, stocks, exchange-traded funds (ETFs) and cryptocurrencies. The group of companies behind the brand holds licenses from UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and Belize’s IFSC.