eToro’s crypto exchange adds 5 more native stablecoins, including South African rand

Stablecoins • November 13, 2019, 7:00AM EST
The Block

eToroX, the cryptocurrency exchange of social investing platform eToro, has launched five more native stablecoins.

These are - eToroX Turkish lira (TRYX), Polish zloty (PLNX), South African rand (ZARX), Hong Kong dollar (HKDX), and Singapore dollar (SGDX), according to an announcement Tuesday.

With these additions, eToroX now offers a total of 17 native stablecoins, including eToroX United States dollar (USDEX), euro (EURX) and pound Sterling (GBPX).

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The exchange has also added support for Circle's USDC and Tether's USDT stablecoins, as well as privacy-oriented cryptocurrency dash. It has also launched a crypto-commodity pair - GOLDX/BTC.

GoldX is the tokenized gold stablecoin, available as a base currency for trading as a pair with bitcoin. “Our Gold/Bitcoin pair provides a means to trade between the old and the new stores of value," said eToroX managing director Doron Rosenblum.

The exchange said it now offers a total of 96 trading pairs since its launch in April this year. eToroX plans to add more trading pairs, cryptocurrencies, and stablecoins “in the coming months.”

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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