eToro Expands Crypto Offerings with Six New DeFi and Altcoin Listings

Social investment network eToro has significantly expanded its cryptocurrency offerings with the addition of six new digital assets to its trading platform. The brokerage announced the launch of Uniswap (UNI) and Chainlink (LINK), followed shortly by the addition of four more assets: Aave (AAVE), Compound (COMP), Decentraland (MANA), and Yearn.Finance (YFI).

Doron Rosenblum, Vice President of Business Solutions at eToro, confirmed the Uniswap and Chainlink listing via a LinkedIn post. The company stated these additions are part of a strategic move to increase its crypto offerings for both retail and institutional clients, citing "explosive demand" for crypto assets. "Now is the right time to be adding new cryptos to eToro," the firm added.

The new listings bring the total number of crypto assets available on eToro to 22. The existing portfolio includes major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Ripple (XRP), and Binance Coin (BNB), among others. Notably, BNB and XRP are not available to U.S. clients due to regulatory restrictions.

The recent additions highlight a focus on the decentralized finance (DeFi) sector. Compound is described as a decentralized lending platform on Ethereum that recently announced a gateway chain for cross-chain collateral. Aave operates as a decentralized protocol for trading and lending, similar to Uniswap. Yearn.Finance, with its governance token YFI, offers unique DeFi yield aggregation services and features a tight token supply. Decentraland is an Ethereum-based virtual reality platform where users buy and sell digital real estate using its MANA token.

These expansions come despite a recent market downturn, with some crypto assets losing up to 40% of their value in the past week. eToro, launched in 2007 and offering crypto since 2013, remains one of the world's leading social investment networks with over 20 million registered users globally. The platform is regulated by authorities including the Australian Securities and Investments Commission (ASIC), the UK's Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission.