MKR Exchange on eToroX
Completely transparent about the development of its blockchain project, Maker is a two-token system, which includes both MKR and DAI. MKR is an ERC-20 token which is built on the Ethereum blockchain, and backed by ETH rather than by fiat currency.
MKR is one of 17 stablecoins currently being traded on the eToroX exchange, including USDC, eToroX’s tokenised US Dollar (USDEX), Euro (EURX), Pound Sterling (GBPX) and the DAI stablecoin. These new stablecoins aim to bring stability, and bridge the gap between the world of cryptoassets and traditional financial markets. These and the other stablecoins are various both base and counter currency for the more than 100 trading pairs available on eToroX.
MKR Trading on eToroX Exchange
A step towards mass cryptoasset adoption — the MKR token is one of five new tokens introduced onto the eToroX trading platform together with Basic Attention Token (BAT), OmiseGo (OMG), EuroX (EURX) and the US Dollar (USDEX).
If you would like to buy MKR, first fund your account with Bitcoin or Ethereum, or any other supported cryptoassets, which will allow you to trade against USDEX and then against MKR.
MKR is currently paired on eToroX exchange against several related digital asset pairs: MKR/ETH (MKR/Ethereum), MKR/BTC (MKR/Bitcoin) and MKR/DAI (MKR/DAI).
What affects MKR
- “Black swans” — completely unpredictable events with severe consequences that can damage an economy, a term coined by Nasim Nicholas Taleb, a finance professor, writer and former Wall Street trader
- A change in the value of Ethereum — or Ethereum crashing
Why Trade MKR with eToroX
In the disruptive world of cryptoassets, eToroX offers you a secure exchange platform on which to trade. eToroX is the crypto and blockchain arm of the social trading platform eToro, and is regulated by the Gibraltar Financial Services Commission (GFSC). This ensures exchange and trading of MKR and other cryptoasset pairs in a safe, secure and transparent environment.
How to get started with MKR
First, open and verify your Exchange account, log in using your credentials and transfer supported cryptoassets to the trading exchange. Then, you will be able to trade MKR against another stablecoin or cryptoasset pair.
The procedure is simple using the online form. You can also create a profile by using your Gmail or Facebook account, and complete the onboarding process until your account is fully verified.
If you have an existing verified eToro account, no need for further registration. Simply sign in using your existing eToro credentials.
To fund your exchange account, if you already have crypto stored somewhere (a private digital wallet, for example), send it directly from there; or you can download the eToro Wallet (from either the Google Play Store or the Apple App Store) and also send directly from there. Using either method you will be able to transfer them to the exchange and buy MKR.
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.