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

advertisement

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).

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.”

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More