eToro, a forex broker and social trading platform, announced it is expanding its cryptocurencies poirtfolio with Stellar lumens (XLM). Stellar is the eighth cryptocurrency that is now available for trade on eToro's platform, after the broker has added Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Ethereum Classic and Dash.
More importantly, clients of eToro can trade the actual currencies themselves with the same accounts they use for the other instruments. In addition, Stellar will also be added to eToro’s Crypto CopyFund, where digital asstets are traded as CFDs.
Recognising the growing interest in altcoins among crypto investors, Yoni Assia, Co-founder and CEO at eToro, said:
"If 2017 was the year of Bitcoin, 2018 will be the year of altcoins. As investors seek new opportunities and diversification within their portfolios, attention will shift away from the mainstream cryptos towards new challengers in the market."
eToro is an innovative forex trading service offering both traditional and social trading in multiple assets. With the launch of their OpenBook social investment platform back in 2010, the broker introduced the concept of social trading to the world.
The companies owning and operating the eToro brand are regulated by reputable governmental agencies, namely the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
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