Fintoism eToro Crypto

eToro Adds CELO and SAND To Its Crypto Product

Social investment platform eToro has announced that it has added two assets to its cryptocurrency offering: The Sandbox and Celo. That move puts eToro at 42 supported crypto assets.

Doron Rosenblum, Vice President, Business Solutions, eToro said:

“We are seeing a very high demand for DeFi and Metaverse tokens and are excited to be able to provide more of these assets to our customers. The addition of this new token to the platform gives investors more choice in today’s crypto asset market. We will continue to expand our crypto offerings to enable users to diversify their portfolios with a variety of crypto assets.”

The Sandbox is a virtual game that combines blockchain technology, decentralized finance (DeFi) and intangible tokens (NFT) in a 3D metaverse. Design tools allow players to create and customize games and digital assets. The created virtual goods can be monetized with NFTs and sold for SAND tokens, The Sandbox’s own token.

Meanwhile, Celo is a DeFi platform that allows crypto asset users and investors to trade via their mobile phone easily. In addition, token investors can vote for initiatives such as the creation of a carbon-neutral CELO chain.

SAND and CELO tokens are currently not available to US users.

This news wraps up eToro’s busy year last quarter, when it launched the eToro Money program for UK users, unveiled its DeFi portfolio, and appointed Lule Demmissi as US CEO.