eToro Is Adding Support For 120 ERC-20 Standard Tokens

The popular cryptocurrency wallet eToro is apparently adding support for more than 120 ERC-20 standard tokens. Now that eToro is adding support for these tokens, traders could expect a lot more features and options to follow in the near future.

These will include Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG)  and many others to follow in the near future, as the altcoin news show. In fact, the news were confirmed in a press release where eToro clarified the concept of ERC-20, noting that it is a technical standard that sets rules for tokens launched on Ethereum or some of the related blockchains.

According to the managing director at eToroX, Doron Rosenblum, the fact that eToro is adding support is a positive one. Rosenblum said:

“Adding 120 ERC-20 tokens to the eToro wallet is further evidence of our belief that one day all investable assets will be tokenized. One of the main barriers to mass adoption of cryptoassets is lack of access.
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Making these first 5 tokens available enables more people to transfer and hold them into a secure and regulated wallet.”

The CEO and founder of eToro, Yoni Assia, also commented on the news that eToro is adding the support to 120 tokens. He was featured on many best cryptocurrency news sites for stating:

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

The parent firm of eToroX, eToro, was featured in the latest cryptocurrency news for launching a cryptocurrency buying and selling platform, as well as a wallet service in the US in February. It first dived into the crypto space with the launch of Bitcoin trading on its platform back in 2014.
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As the coming altcoin news show, the ERC-20 tokens (Ethereum based ones) are surging on the market with the new uplift. Maker (MKR) has registered a 2.50% increase to visit $611, while Basic Attention Token (BAT) is stable at $0.311. The rest of the ERC-20 tokens that eToro is adding are without notable movement on the upside or downside.

The total cryptocurrency market cap has now fallen at $319 billion but still records an increase from yesterday’s levels.