eToro has just announced that TRON (TRX) can now be traded on its cryptocurrency exchange — making the popular altcoin the 15th supported cryptocurrency on the global trading platform.
eToro is one of the world’s leading “social trading networks.” Formed in 2007, the platform has ballooned in popularity and now supports some 10 million registered users.
Aside from trading, TRON will also be added to eToro’s CryptoPortfolio. This portfolio allows users to diversify their investments across all supported crypto-assets (weighted by their market capitalization) with just a single click.
Yoni Assia, co-founder and CEO of eToro, said that the reason the platform wanted to add TRON is that the project was making “fast progress towards lofty ambitions and has rightly garnered the attention of the crypto community.”
eToro’s signature feature is its social element which allows for ample discussions while trading. Each coin has a feed where investors can comment, share, and like comments and updates.
Another unique aspect of eToro is its social trading tools. For example, eToro’s “CopyTrader” allows clients to automate their trading by replicating another trader’s activity in real-time. This social element sets eToro apart from other trading platforms.
Some users are currently reporting a large spread for TRX on eToro — so you might want to wait until the market stabilizes before getting your feet wet on the trading platform.
The price of TRON failed to react positively to the news amid a marketwide sea of red. At press time, the altcoin is trading at 0.0225 USDT per coin on the Binance exchange.
Will you be trading TRON (TRX) on eToro? Has this been a long time coming? Let us know your thoughts in the comments below.
[Editor’s Note: BeInCrypto is independent and has no relationship to eToro.]