EURX Exchange on eToroX: For Trading of Stablecoins and Other Tokenized Assets
EURX is a tokenized stablecoin that is listed for trading on eToroX Exchange. EURX is tied to the value of the Euro on a 1:1 valuation basis, making trading in EURX on eToroX the same as exchanging or trading fiat Euro.
On eToroX, you can buy EURX using crypto options such as Ethereum or Bitcoin, and you can use EURX to buy other crypto assets as well.
EURX Exchange Pairs
On eToroX, users can access the eToro Wallet, which can be used to fund your account with Bitcoin or Ethereum, and allows the user to buy EURX on eToroX. Subsequently, you can exchange EURX against various stablecoins and cryptoassets, including EURX/JPYX, EURX/GBPX, EURX/USDEX, XRP/EURX, BTC/EURX, and ETH/EURX.
Why Trade EURX with eToroX?
eToro has been in the brokerage business since 2007, is regarded as the pioneer of social trading and is a much recognized brand. eToro is also the parent company of eToroX, a licensed and regulated company incorporated in Gibraltar offering the eToro Wallet and the eToroX exchange platform which that allows traders to trade cryptos with other cryptos and stable coins. In a largely unregulated market, eToroX is regulated, by the Gibraltar Financial Services Commission (GFSC). This allows for EURX exchange and EURX trading under transparent and overseen conditions, which protects users and investors on eToroX.
If you do not want to trade Euro pairs in forex, you can trade tokenised Euros (EURX) on eToroX.
How to Trade EURX with eToroX
To buy or sell EURX or just exchange EURX for another stable coin or crypto, you need to open an account, fund it and connect to the trading exchange. Account opening is simple and can be done using the online form. Alternatively, use your Gmail or Facebook account, or even your existing eToro account to create a profile.
The next step is to download the eToro Wallet on either Android Play Store or iOS/App Store. This gives you a cold storage wallet with which to store your funding cryptoassets. Once you have your funding cryptos, send them to the exchange and buy EURX with them.
You now have full ability to trade EURX with other cryptos. You can also exchange EURX with various other tokenized stablecoins.
For instance, the Euro has been under pressure in forex, and has lost ground against the USD. How do you trade this on eToroX? Simply exchange EURX for USDEX using the EURX/USDEX pairing. When you feel that the USD has gained sufficiently against the Euro, simply buy EURX with USDEX once more and pocket the price differential.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.