Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, October 26 2021 - 20:52
AsiaNet
eToro strengthens crypto offering in Australia, introduces crypto staking and adds 15 new cryptos
SYDNEY, Oct. 26, 2021 /PRNewswire-AsiaNet/ --

- Australian users now have access to 36 cryptos - users own the underlying 
asset 
- From 1st November, Australian users will be able to earn staking rewards 
- Ability to move cryptos from the eToro platform to the eToro wallet is coming 
soon

Global multi-asset investment platform eToro( https://www.etoro.com/ ) today 
announced that it has strengthened its crypto offerings for Australian 
customers, adding more than 15 new cryptoassets to the platform. Australian 
users will also now be able to earn staking rewards.

With 36 cryptoassets now available on the platform, Australian investors have 
even more opportunities to diversify their portfolios. The 15 new cryptos 
available to Australian users are: Solana (SOL), Cosmos (ATOM), The Graph 
(GRT), Curve (CRV), 1inch (1INCH), Maker (MKR), Enjin (ENJ), Shiba Inu (SHIB), 
Dogecoin (DOGE), Filecoin (FIL), Aave (AAVE), Compound (COMP), yearn.finance 
(YFI), Decentraland (MANA) and Polkadot (DOT).

Australian users opening cryptoasset positions on eToro can now purchase the 
underlying asset.

From November 1, Australian users will also be able to earn monthly staking 
rewards and enjoy simple, secure and hassle-free growth on their Cardano (ADA) 
and TRON (TRX) investments, through eToro's dedicated staking service. Assets 
staked on behalf of users are real cryptoassets (not CFDs) and the underlying 
asset remains the property of the eToro user. 

eToro will shortly enable coin transfer from the eToro platform to the eToro 
Wallet. Further details of this product enhancement will be shared in the 
coming weeks. 

eToro's Australian Managing Director, Robert Francis said: "eToro has been a 
pioneer in the crypto markets and we are excited to observe more Australians 
dipping their toes into this emerging asset class.

"The crypto ecosystem is expanding with the emergence of new altcoins and as a 
result we are seeing Australian investors looking at crypto beyond a store of 
value, instead using it as a way to diversify their portfolios beyond 
traditional assets like stocks, in order to hedge against risks such as 
inflation.

"As we continue to strengthen our crypto offering Down Under, we urge investors 
to keep in mind that crypto is a highly volatile asset class. Investors should 
remember the basic tenets of investing: diversify, understand what you are 
investing in and never invest more than you can afford to lose," concluded 
Robert Francis.

With over 23 million registered users globally, eToro allows customers to 
easily buy, hold and sell a range of different financial assets, including 
crypto. 

About eToro 
eToro is a multi-asset investment platform that empowers people to grow their 
knowledge and wealth as part of a global community of successful investors. 
eToro was founded in 2007 with the vision of opening up the global markets so 
that everyone can trade and invest in a simple and transparent way. Today, 
eToro is a global community of more than 23 million registered users who share 
their investment strategies; and anyone can follow the approaches of those who 
have been the most successful. Due to the simplicity of the platform users can 
easily buy, hold and sell assets, monitor their portfolio in real time, and 
transact whenever they want. 

Disclaimer:
Crypto assets are unregulated & highly speculative. No consumer protection. 
Capital at risk. Past performance is not an indication of future results. 
Trading history presented is less than 5 complete years and may not suffice as 
basis for investment decision.

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, 
by the Financial Conduct Authority in the UK and by the Australian Securities 
and Investments Commission in Australia.

This communication is general information and education purposes only and 
should not be taken as financial product advice, a personal recommendation, or 
an offer of, or solicitation to buy or sell, any financial product. It has been 
prepared without taking your objectives, financial situation or needs into 
account. Any references to past performance and future indications are not, and 
should not be taken as, a reliable indicator of future results. eToro makes no 
representation and assumes no liability as to the accuracy or completeness of 
the content of this publication.

SOURCE  eToro