eToro adds Theta and Fantom to crypto offering

Online broker eToro continues to broaden the variety of cryptoassets available to its clients. Today, the company announced the addition of Theta and Fantom to its crypto lineup.

Theta is a decentralized video delivery network that aims to become essential media infrastructure for the metaverse. THETA is the governance token of Theta Network, and is used to reward nodes for securing the blockchain.

Fantom is a scalable smart contract platform based on a unique consensus mechanism known as Lachesis. FTM is the native asset of the Fantom blockchain, and is used for paying network fees, securing the network through staking, and voting on governance proposals.

The broker has been regularly expanding its crypto offering. In February, for instance, eToro added several new tokens, including Avalanche and Hedera Hashgraph. The launch of THETA and FTM brings the total number of cryptoassets available on eToro to 57.

Traders now have access to THETA and FTM alongside BTC, ETH, BCH, LTC, XRP, DASH, ETC, ADA, XLM, EOS, NEO, TRON, ZEC, BNB, XTZ, LINK, UNI, COMP, AAVE, YFI, MANA, ALGO, MATIC, BAT, MKR, ENJ, FIL, DOT, SOL, ATOM, GRT, CRV, 1INCH, SUSHI, $CHZ, QNT, AXS, CELO, SAND, DOGE, SHIBxM, FET, SNX, BNT, ZRX, DYDX, REN, HBAR, AVAX, STORJ, BAL, GALA, LRC, and MIOTA.

Let’s note that, for now, these new assets are not being launched in the US. Cryptoasset investing is unregulated in some EU countries and the UK. Hence, there is o consumer protection and your capital is at risk.

The company has recently changed the pricing model for crypto trading. Now, there is a unified fixed fee of 1% when you open, and close any cryptoasset position, on top of the raw market spread (AKA Bid-Ask spread).

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