eToro has announced the listing of seven more crypto assets: Fetch.ai (FET), Ren (REN), Synthetix (SNX), Ankr (ANKR), Bancor (BNT), dYdX (DYDX) and 0x (ZRX).
eToro lists new DeFi assets
These tokens all fall under the category of decentralized finance (DeFi) protocols, and will not be available to US users for now.
The crypto assets available on the platform in total have now risen to 49 (27 for the US).
Fetch.ai is a blockchain protocol based on artificial intelligence and machine learning to create intelligent automated infrastructure for the digital economy. In particular, it aims to automate certain DeFi processes, such as withdrawing liquidity from decentralized exchanges like Uniswap. FET is the governance token for the protocol.
Ren is a protocol useful for facilitating DeFi interoperability by connecting traders and applications through their blockchains. REN tokens are used to power and maintain the network through DarkNodes: transactions are made private through a network of computers called DarkNodes.
Synthetix is a platform that allows users to create synthetic crypto assets, even from traditional assets such as currencies, stocks and commodities. Synthetix assets replicate the values of the underlying assets, and the SNX token is used for oracles that connect the blockchain with the outside world.
Ankr is a Web 3.0 infrastructure provider, which is a global distributed multi-chain network with more than 40 connected blockchains. ANKR tokens are the governance tokens of the platform.
Bancor is a protocol that allows users to exchange cryptocurrencies directly, without having to go through third-party applications. It was the first “market maker” on the Ethereum blockchain and also has insurance against any temporary losses incurred by liquidity providers. BNT tokens allow for percentage gains from transaction fees paid by users.
dYdX on the other hand is a decentralized Ethereum trading platform. DYDX governance tokens allow for fee discounts and the ability to bet to earn rewards.
0x is one of the first decentralized exchanges on Ethereum, and also allows for liquidity aggregation between automated market makers and other smart contracts. ZRX is the governance token.
26% of investors will add crypto to their portfolios
Global Crypto Solutions director at eToro, Tomer Niv, said:
“Despite a rough start to the year for crypto, more and more investors, both retail and institutional, are entering this market. According to eToro’s most recent Retail Investor Beat survey, 26% of global investors are planning to add crypto to their portfolios this year. eToro will continue to expand its cryptocurrency offering to allow users to diversify their portfolios with a wide range of crypto-assets”.