eToro, one of the leading global multi-asset investment platforms, announced today that the company has added Polkadot, the world’s 9th largest digital asset, and Filecoin, the 24th most valuable cryptocurrency, to its crypto offering.
In an official announcement shared with Finance Magnates, eToro stated that the company’s offering now consists of 31 crypto assets. Since the beginning of 2021, the financial services provider has significantly expanded its crypto offering with the addition of several digital assets including Chainlink, Dogecoin, Uniswap, Aave and Compound.
Polkadot (DOT) is one of the top 10 digital currencies in the world. At the time of writing, DOT’s market cap is around $31.4 billion. Polkadot is now more valuable than Dogecoin and Litecoin. Moreover, Filecoin (FIL) saw a jump of more than 250% in 2021. The market capitalization of the digital asset is currently around $8 billion.
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Commenting on the latest addition of Polkadot and Filecoin, Doron Rosenblum, Vice President of Business Solutions at eToro said: “Despite the recent volatility in the cryptocurrency market, we continue to see increased interest in the asset class from both institutional and retail investors, who believe in this. The long-term potential of cryptocurrencies. We are committed to offering our users more opportunities to diversify their portfolios with a wider range of crypto assets. We will continue to expand our crypto assets with more currencies soon.”
Cryptocurrency fame
Cryptocurrencies gained immense popularity in 2021 as total global users increased by more than 100% during the first six months of the year. Total demand for crypto assets reached a record high in the first half of 2021. In the latest announcement, eToro explained that its clients can easily buy, hold and sell real DOT and FIL underlying assets on its investment platform, using fiat currency.
“As always, we encourage investors to do their research. All crypto assets contain white papers detailing their use case. We strongly encourage our users to be careful and remember that when investing, it is wise to diversify and only invest in the markets and instruments you know,” Rosenblum added. .
