eToro Adds First Ethereum Tokens to Its Wallet

The eToro cryptocurrency wallet is adding support for 120 ERC-20 standard tokens.

First to be included in the wallet from Tuesday are Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG), with the others to follow in the "near future," according to a press release emailed to CoinDesk. ERC-20 is a technical standard that sets rules for tokens launched on ethereum or related blockchains.

Doron Rosenblum, managing director of eToroX, said:

“Adding 120 ERC-20 tokens to the eToro wallet is further evidence of our belief that one day all investable assets will be tokenized. One of the main barriers to mass adoption of cryptoassets is lack of access. Making these first 5 tokens available enables more people to transfer and hold them into a secure and regulated wallet.”

Within the US, the wallet is managed by eToro US LLC. eToroX also launched a cryptocurrency exchange and eight eToro-branded stablecoins back in April.

eToro CEO and co-founder, Yoni Assia, said at the time:

“Just as eToro has opened up traditional markets for investors, we want to do the same in the tokenized world. […] Blockchain will eventually ‘eat’ traditional financial services through tokenization.”

Parent firm eToro itself launched a cryptocurrency buying and selling platform and wallet service in the U.S. in February, having first dived into the crypto space with the launch of bitcoin trading on its platform back in 2014.

eToro image by Marco Verch, via Creative Commons

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Daniel Palmer

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

eToro Adds First Ethereum Tokens to Its Wallet – 120 of Them

The eToro cryptocurrency wallet is rolling out support for 120 ERC-20 standard tokens, starting Tuesday with MKR, BAT and OMG.