You Can Now Trade ALGO, MATIC and BAT on eToro

By: Tyrone Jackson

2021-09-14

eToro’s crypto assets are growing and last June 21, they added 3 more instruments under this category:

 

Cryptoasset Symbol Trading Page
Algorand ALGO https://www.etoro.com/markets/algo
Polygon MATIC https://www.etoro.com/markets/matic
Basic Attention Token BAT https://www.etoro.com/markets/bat

Quick Overview of eToro’s New Cryptoassets

Algorand – This next-generation blockchain platform, which has been utilized in various industries such as real estate, microfinancing and copyright, was created in order for developers to make new types of applications that are powered by crypto.

Polygon – This crypto operates on the Ethereum platform and was created to encourage mass adoption of digital currencies. What makes the MATIC coin advantageous over BTC and ETH is that it does not experience high transaction fees from congestion.

Basic Attention Token – Also built on Ethereum, BAT was developed with advertisers in mind as it eliminates middleman ad exchanges from the picture so that they can have more revenues. It has a dedicated browser that gives out rewards in form of tokens and the amount of BAT rewarded is based on the attention given by the users on the ads displayed.

More Cryptoasset Stats

In addition, all crypto assets including Bitcoin, Ethereum, Ripple and Dogecoin now have 7 stats so you can have a better overview regarding the underlying asset’s current market performance.

You can now see the following under the cryptoasset’s Stats tab:

  1. Market Cap
  2. Fully Diluted Market Cap
  3. Circulating Supply
  4. Volume
  5. Volume/Market Cap
  6. Market Dominance
  7. Market Rank
Algorand Stats tab on the eToro platform
Algorand Stats tab on the eToro platform

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eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

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.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.