eToro to support 5 cryptocurrencies

Trading and investment platform eToro will support BTC, ETH, ETC, LTC and XRP
10 September 2017   4897

By adding this coins support, company hopes to simplify the process of buying cryptos, and help bring the technology into the mainstream. This is reported by the Crypto Coin News.

The decision came as a result of increased demand for cryptocurrency trade, which has quadrupled over the past 12 months. In the last quarter, the amount of crypto-currency transactions on the platform exceeded $ 1 billion.

Cryptocurrencies have come of age over the last year, but buying and owning the underlying crypto asset is still very difficult. At eToro, we’ve already simplified the worlds of trading and investing, and now we have an opportunity to use our experience and expertise to simplify cryptocurrencies.
 

Yoni Assia

Co-founder and CEO, eToro

The decision to add a basic asset to eToro was supported by many well-known figures in the crypto industry.

By making Litecoin available on a safe, simple, and secure platform, eToro will help increase the adoption of Litecoin among a wider audience.
 

Charlie Lee
Creator of Litecoin 

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   92

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.