- eToroX announces new cryptoasset and multiple fiat pairs
LONDON, Aug. 7, 2019 /PRNewswire/ -- eToroX, the blockchain subsidiary of global investment platform eToro, today announces that Stellar (XLM) is now available on the eToroX exchange.eToro logo (PRNewsfoto/eToro)More
As of today, eToroX is making Stellar a base currency for trading pairs on eToroX. It will be tradeable against other cryptoassets and stablecoins. The pairs include USD (XLM-USDEX) GBP (XLM-GBPX), Japanese Yen (XLM-JPYX), Euro (XLM-EURX), and with Bitcoin (BTC-XLM), and Ethereum (ETH-XLM).
"We want to open up the tokenized world for everyone," said Doron Rosenblum, Managing Director of eToroX. "eToroX is bringing crypto and tokenized assets to a wider audience and enabling them to trade with confidence on a secure and regulated platform."
"We believe that blockchain technology has the means to include more people in a new financial world, who might have been previously excluded from it. Stellar shares this ethos, which is why we are excited to be adding it to our exchange and on-chain wallet for people to buy, sell and hold, 24/7."
Stellar is an open source and decentralized payment network protocol with its own currency (XLM), which connects banks, payment systems and people, aiming to provide global access to low-cost financial services for all.
"It's exciting that eToro has added Stellar Lumens as a base currency on the eToroX exchange," said Jed McCaleb, CTO of the Stellar Development Foundation. "We believe eToro is playing an important role in bridging the gap between traditional financial markets and the blockchain world."
As eToroX seeks to open up the world of crypto trading to more people, it plans to announce further trading pairs whereby more crypto base currencies are pegged to fiat counter currencies. In the coming months, eToroX will also look to launch new cryptoassets and stablecoins.
Notes to editors