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Cardano (ADA) has made a big progress recently by joining the limited list of cryptos offered by eToro exchange. It is the fourth crypto to join this exchange this year, and it is currently the 11th to be listed on eToro, following EOS, NEO, and Stellar Lumens (XLM).

eToro decides to list Cardano (ADA)

Cardano (ADA) is a relatively new cryptocurrency, and it was launched in September 2017. It was created with the goal to allow running smart contracts and various dApps, and its creator is the company called IOHK (Input Output Hong Kong). The crypto has inspired a lot of trust due to its professional team led by Ethereum’s co-founder, Charles Hoskinson. Its community grew rapidly, and the crypto’s success is obvious, especially with this new development.

eToro recognized this coin’s potential and has stated that it is a rather interesting investment opportunity, that will definitely pay off in the long run. By adding it, eToro provided its users with the ability to invest in this coin, and use it in their regular trading activities. It is expected that many other exchanges and companies will also recognize Cardano as a coin worth investing in, as the revolution of blockchain technology continues.

According to the platform, ADA is a strong crypto with a powerful blockchain backing it up, and it might even join the list of the leading cryptos on the global basis soon. After all, the coin is already in the top ten cryptos by market cap and has now joined eToro’s very limited selection of cryptos. Other coins that are included on this exchange are Bitcoin, Litecoin, Ethereum, Ripple, Ethereum Classic, Stellar Lumens, Dash, EOS, NEO, and Bitcoin Cash. Only one of these coins is currently unavailable, and that is EOS, which can’t be used right now due to its MainNet launch.

Despite the enlistment on eToro, ADA’s price has yet to go up, and many believe that this is due to the recent Bithumb hack. Still, the coin’s value is bound to go up sooner, rather than later, especially considering that another period of market recovery is expected to come.

eToro offers BTC/EUR and ETH/EUR trading pairs

In addition to its decision to list Cardano as a new coin available for trading, eToro has also decided to add a couple of new trading pairs, mainly – BTC/EUR and ETH/EUR.

The new decision is expected to bring more new investors in European countries that use Euro as their main currency. Additionally, the inclusion of these trading pairs will be especially suitable for all those traders and investors who are interesting in following these currencies’ future development.

One thing is certain, and that is the fact that eToro will see a significant increase in traffic and use after making these changes. Most of the new traffic will probably come from the users in Europe, but the Cardano (ADA) enthusiasts will also contribute a lot to this platform, now that this young coin has made another important victory on its way to market domination.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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The post eToro Adopts Cardano (ADA) – A Step Forward appeared first on Global Coin Report.

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