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eToro first to list BNB coin despite lingering pessimism

The invention of crypto-space has been conceptualized and developed mainly based on the unwavering and robust mechanism pondering over the notion that the fiat currencies are highly risky, strained and exposed enormously towards regulatory controls that cause financial crisis due to the manipulations. However, cryptocurrency prices are have slid in the recent past but lingering between tight range-bounded trend oflate.

eToro, the global trading, investment and the world’s largest social investing platformwith over ten million users, had recently included IOTA to its platform, bringing the total number of crypto assets available on the platform to 12. While IOTA aims to enable companies to explore and open up new business to business marketing opportunities by making every technological resource a potential service to be traded on an open market in real time, with no fees.

With over ten million users, eToro, has now been the pioneer investment platform to offer BNB apart from the Binance Exchange. Well, this has been a remarkable milestone as it sums-up the total number of crypto assets available on the platform to 13. BNB is a token issued by Binance. As a value-added package, with the addition of BNB, eToro now offers both utility and security tokens on its platform.

Investors at eToro platform, for the first time, would be able to transact BNB utilizing fiat currency – presenting a new option for diversification of their crypto holdings. BNB will also be added to eToro’s CryptoPortfolio, which allows investors to diversify across a portfolio of cryptos weighted by market cap with just one click.

Yoni Assia, Co-founder and CEO at eTorocommented:"Despite sensational headlines about the death of crypto, we continue to believe in the potential for crypto assets, as do our clients who are increasingly looking to diversify their crypto holdings. In response, we will continue to add the leading crypto assets to our range and we are pleased to add BNB to the platform.

Mati Greenspan, a senior market analyst at eToro, described the potential shifts in the gamut of the cryptocurrency market in an analytic framework.

As per his analytic piece, “the prime benefit that many economists and portfolio managers are now perceiving the use of crypto-assets as an efficient tool for money management”.

eToro sheds some light on two Congressional hearings on cryptocurrencies and recently announced that they have got expansion plans into the US with a crypto trading platform. 

Mr Guy Hirsch, US Managing Director of eToroplatform had also shared his notion on the recent developments.

The firm is a global community of over multi-million people that is currently regulated in Europe by Cyprus Securities and Exchange Commission and regulated in the UK by the Financial Conduct Authority, and enables its clients to invest in the asset-class they wish to, from cryptocurrencies to commodities. 

BNB/BTC (at Binance) is currently trading in a very narrow range at 0.0014851 levels.

Currency Strength Index: FxWirePro's hourly BTC is flashing at -118 (bearish), hourly USD spot index is inching towards 79 levels (which is bullish), while articulating (at 10:09 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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