The digital asset platform of the social trading platform eToro named eToroX listed the privacy coin Dash and seven other stablecoins – a press release published on November 12 confirmed.
As we can see from the Dash news coin, eToroX users can now trade stablecoins backed by the Turkish Lira (TRYX), the Polish Zloty (PLNX), South African Rand (ZARX) and Hong Kong Dollar (HKDX) as well as the U.S. dollar-backed tokens USD Coin (USDC) and Tether (USDT).
While eToroX listed Dash, we can see that the addition brings the number of assets tradable on the cryptocurrency exchange to a number of 26. The managing director at eToroX named Doron Rosenblum talked about the addition and said:
“We see the addition of USDC and USDT as a way for eToroX to further meet the needs of professional and institutional algo traders, particularly in the Asian markets. Adding five new stablecoins, plus the addition of the Dash cryptoasset, demonstrates our ongoing commitment to bridge the gap between the world of blockchain and traditional financial markets.”
The eToro exchange also listed a new pair with a gold token – allowing the users to trade tokenized gold (GOLDX) against Bitcoin (BTC). The firm cites that gold is seen by many as a safe haven asset. Bitcoin, on the other hand, is seen as its digital counterpart.
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“Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value, making Gold/BTC an extremely special and interesting combination,” Rosenblum explained while eToroX listed Dash.
As we reported in mid-October this year, eToro has also partnered with the analytics and finance management startup The Tie – with plans to launch a sentiment-based analytical tool that will track people’s perception of cryptocurrencies.
Meanwhile, the latest cryptocurrency news show that Dash (DASH) is trading at a price of $70 with a 0.32% increase on the day and a market cap of $643 million. The price could rise in the future and achieve new heights following the news that eToroX listed Dash.
For those of you who don’t know, eToroX brings the stability of the market leading financial services provider and the security and regulation traders need while being empowered from blockchain technology.
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