eToro, the great social trading, and multi-asset brokerage company, who have also added support for trading cryptocurrencies on the exchange has once again added Cardano to the list of cryptocurrencies traded on the platform.
As explained by the company CEO, Yoni Assia, this move was taken based on customers demand.
“We are seeing growing interest in new cryptocurrencies increasing all the time. We are committed to bringing the top traded crypto assets onto our platform for our users to invest in.”
Cardano is, therefore, the 11th cryptocurrency to be added on the exchange joining others namely: BTC, ETH, LTC, XRP, BCH, EOS, LTC, XLM, NEO, DASH, ETC cryptocurrencies.
About Cardano
The Cardano is a decentralized protocol similar to Ethereum which decentralized apps can be built on. The platform focuses more on security.
eToro Exchange
The company was founded in 2016 by Yoni Assia, Ronen Assia, and David Ring, having its headquarters in London, Limassol, and Tel Aviv.
Price Analysis
Following the downward movement of cryptocurrency prices, the 8th largest cryptocurrency by market value, ADA isn’t left out. ADA has attained the All-Time high $1.28 and is currently seating at $0.16 as at the time of writing. Technically analyzing the price of Cardano against the USD, it doesn’t seem the bears are giving up any sooner.
Other News
Bithumb also has of recently announced it had added the cryptocurrency, Cardano (ADA) alongside Status (SNT) token.
Conclusion
This step opens new grounds for more investors to invest in Cardano cryptocurrency which is a platform of value. In future, we should see more listing for the cryptocurrency on various exchanges. Possibly, the more demand for a token, hopefully, we should see it’s price going above a dollar sometime soon.
