eToro makes Tezos available for retail investors

Tezos (XTZ) becomes the 16th cryptoasset available on eToro’s platform

eToro, the global investment platform with over eleven million registered users, today added the Tezos token to its platform, giving people the chance to invest in the world’s first self-amending crypto. This brings the total number of cryptoassets available on eToro to 16.

Driven by American couple, Arthur and Kathleen Breitman, Tezos is designed to make use of institutional-grade smart contracts, similar to the Ethereum blockchain. The aim is to create a ‘true digital commonwealth’ powered by the world’s first ‘self-amending’ cryptoasset.

Yoni Assia, co-founder and CEO at eToro, commented: “Tezos is making great progress and some banks are already choosing its blockchain network for security token offerings worth over a billion dollars. As we see financial institutions move more into the world of crypto, it is important that ordinary investors can take advantage of these technological developments, which is why we’re excited to be adding coins like Tezos to eToro.”

“eToro is the only place you can trade traditional assets like stocks and commodities, alongside new products such as cryptos. We launched the eToro with the idea of opening up financial markets for everyone and giving investors access to the assets they want is an important part of this mission. Bringing cryptoassets like Tezos to the masses is a key part of this.”

Unlike many cryptos, there is no mining of Tezos tokens known as tez (XTZ). Instead, holders are rewarded in XTZ for taking part in the proof of stake consensus protocol. Its ‘self-amending’ mechanism also enables the Tezos network to evolve without disrupting consensus amongst its developers, lowering the risk of a hard fork. Its name comes from a Greek word meaning ‘smart contract’.

As investors increasingly seek to diversify their crypto holdings, Tezos joins Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB, ZCASH and Tron on the eToro platform.

Notes to Editors

About eToro:

eToro empowers people to invest on their own terms. The platform enables people to trade and invest in the assets they want, from stocks and commodities to cryptoassets. eToro is a global community of more than eleven million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want. www.etoro.com

Disclaimer:

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk

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