eToro, a leading trading and investment platform, recently unveiled the addition of IOTA (MIOTA) to its portfolio of cryptocurrencies, list which now totals 12 digital assets.
The addition of IOTA (MIOTA), currently the 11th cryptocurrency in the market by market capitalization, represents a move towards more diversification in the trading platform’s portfolio. MIOTA is available now on eToro platform together with Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Stellar (XLM), Dash (DASH), NEO (NEO), EOS (EOS), and Cardano (ADA).
“At eToro we believe in diversification and are committed to bringing more crypto assets to our platform for our users to invest in,” stated Yoni Assia, the co-founder and CEO of eToro.
Backed by a block-free technology called Tangle, IOTA enables trades to be cleared on a commission-free basis. That translates into devices that can exchange exact amounts of resources on request, as well as safely store data from sensors and data loggers, all of which are then verified in the general ledger. In general, IOTA aspires to be the backbone of the Internet of Things (IoT).
eToro added IOTA (MIOTA), the cryptocurrency and the blockchain of the future Internet of Things (IoT)
“Today, billions of devices are dependent on the Internet of Things, and this number is growing exponentially, with millions of new sensors added every week as the planet becomes more and more connected. IOTA (MIOTA) aims to be the ‘leader of it all’ by enabling data exchange between the sensor-equipped devices that populate the IoT,” argued Yoni Assia the decision to support IOTA (MIOTA) on eToro trading platform.
MIOTA will be tradable on the eToro’s Crypto CopyFund which operates CFDs (contracts for differences), permitting investors to diversify their cryptocurrency investments.
The IOTA (MIOTA) addition on eToro comes in the midst of a successful year for the IOTA platform, characterized by many achievements. At the moment of this article, IOTA (MIOTA) trades at $0.50, dropping by 4.13% in the last 24 hours.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.