120 New ERC-20 Tokens on eToro Wallet
We are delighted to announce that we are adding 120 ERC-20 tokens to our multi-crypto, on-chain wallet. The first phase is already live, and comprises five new tokens, Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG), EuroX (EURX), and US DollarX (USDEX), two of our own tokenized assets.
One of eToroX’s core beliefs is that one day all investable assets will be tokenized. To quote Doron Rosenblum, Managing Director of eToroX, “Adding 120 ERC-20 tokens to the eToro wallet is further commitment to [this] belief.”
Accessibility Towards Adoption
It is fairly widely acknowledged that lack of access is one of the main obstacles to mass cryptoasset adoption. In making these first five tokens available, we allow more people to transfer their assets, and be able to hold them in a regulated and secure wallet. And these five are just the start. As stated above, they are the first of a series of many ERC-20 tokens to be made available on the eToro Wallet – with an eventual total of 120.
What exactly constitutes an ERC-20 token? These are tokens used solely on the Ethereum blockchain network, which must follow a specific set of rules in order that that they can be shared, exchanged for other cryptoassets, or transferred to a crypto wallet.
The eToro Wallet is an advanced crypto wallet, within which all cryptoassets can be easily and safely stored and transferred, under the regulated banner of eToroX. It is a mobile application available via Google Play and the Apple App Store, with an easy-to-use customer interface, and enhanced security features, including 2FA multiple signature capabilities, which allows users to see their on-blockchain transactions and balances without the fear of losing their private key.
The wallet is managed by eToroX, a subsidiary of eToro Group. eToroX is one of the first companies to be certified as a regulated Distributed Ledger Technology (DLT) provider by the Gibraltar Financial Services Commission (GFSC).
Xpect more – Not Just a Slogan
We’ve said it before, but it bears repeating. Our slogan is more than empty words. We remain committed to anticipating and meeting the needs and wishes of all our digital asset customers across the globe.
* The information above does not constitute any form of financial or investment advice and should not be relied upon. Investing in Digital Assets carries risk. For more information please see our risk warning.