eToro to Launch Regulated Crypto Platform

It has six cryptocurrencies and a lot of stablecoins, issued by the company itself, even precious metals based and it totals for 37 trading pairs
17 April 2019   125

The blockchain division of the social investment platform eToro launched a cryptocurrency exchange with the support of various stablebcoins.

The marketplace regulated by the Gibraltar Financial Services Commission is called eToroX. There are currently six crypto assets on the new exchange: Bitcoin, Bitcoin Cash, Ethereum, Ripple XRP token, Litecoin and DASH.

In addition, the company issued stablecoins based on various fiat currencies, including the American dollar (USDEX), the Japanese yen (JPYX), the euro (EURX), the Chinese yuan (CNYX), the Russian ruble (RUBX), the Canadian dollar (CADX), the Swiss franc (CHFX), pound sterling (GBPX), New Zealand dollar (NZDX) and Australian dollar (AUDX).

Also on eToroX there are two “stable coins” based on precious metals: gold (GOLDX) and silver (SLVRX). A total of 37 trading pairs are represented on the trading floor.

According to the company’s representatives, “in the coming weeks” other cryptocurrencies, tokens and stablecoins will be added to the platform. In addition, eToro will encourage listing of its stable coins by other trading platforms.

Last fall eToro introduced a Bitcoin-supported cryptocurrency wallet, Ethereum and Litecoin. A few months later, the platform acquired the Firmo blockchain-startup specializing in derivatives. According to Yoni Assia, the CEO and co-founder of eToro, the acquisition of Firmo will help the company to develop tokenized assets.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   99

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.