eToro, the social trading and multi-asset brokerage company based in Israel, adds Tron to its list of crypto offerings. Tron is seeking to overtake Ethereum as the market leader.
The addition means that the Israeli-based social investment platform now provides 15 cryptocurrencies for trading to its clients. Some of the other cryptos consist of Bitcoin, Bitcoin Cash, Ethereum, Ripple among others.
eToro CEO Yoni Assia praised the progress made by Tron:
TRON is making fast progress towards lofty ambitions and has rightly garnered the attention of the crypto community. Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.
Growing List of Altcoin Offerings and Expansion Strategy
The digital trading platform has been keen on providing its clients with a diverse number of cryptos to invest in or trade. Earlier in January, Bitcoinist reported the addition of ZCash (ZEC) to eToro’s growing list of altcoin offerings.
The company has been keen on attracting more clients, and the addition of TRX follows eToro’s announcement of zero commission trading for its United Kingdom-based clients.
The company has also been at the forefront to penetrate the lucrative US crypto market. At the beginning of this month, it expanded its services to cover 31 states in the US. Additionally, late last year, eToro crypto division acquired a license to operate a blockchain-based enterprise in Gibraltar.
Tron Enhancing Content Sharing
Started in early September 2017, Tron claims that it is in the final stages of developing a decentralized system that will transform content sharing in the world. The platform says that it intends to empower content creators by aiding them to publish freely. Creators will also have tight control over the data generated from their work and will own their work.
Tron was first established on Ethereum blockchain but later migrated to its blockchain thereby creating a competition with Ethereum. According to the project leader, Justin Sun, the platform can handle a high number of transactions. He adds that the platform will be highly scalable than its competitors in the market.
Sun praised the listing of Tron on eToro saying,
With our listing on eToro, we’re giving TRX holders another great platform on which to manage their assets. These steps will help grow the blockchain community and expand our reach around the world.
Tron has gained lots of traction after it acquired BitTorrent last year. BitTorrent is one of the biggest peer-to-peer sharing platforms in the globe with about 100 million users. At the moment Tron is a ranked 10th largest crypto asset in the world having a market capitalization of $1.5 billion.
Do you think Tron is on its way to becoming the leader in the content sharing market? Share with us in the comments section.