eToro and Uphold add to their crypto coins line-up
eToro expands its coin line-up, adding 3 new tokens into the mix as of May 31, 2022. Uphold announces the addition of the highly anticipated Optimism Token (OP).
Cryptocurrency trading platforms eToro and Uphold are both expanding the number of coins their users can access.
As of May 31, 2022, the number of cryptoassets available on eToro now stands at 70 after the platform added a further 3 crypto coins to its list of supported coins. The newest additions include Origin Protocol (OGN), Biconomy (BICO) and FTX Token (FTT).
Meanwhile, Uphold listed the Optimism Token (OP). Uphold users will now be able to buy, hold, sell and send this tier 4 token.
eToro
Origin Protocol (OGN)
OGN is the native token of Origin – a peer-to-peer marketplace which looks to bring NFTs and DeFi to the mass market. You can stake your OGN in the Origin ecosystem in order to earn a yield. It can also be used to participate in governance on the platform, so allow you to vote and issue proposals.
Biconomy (BICO)
BICO is the token used to power Biconomy – a multichain relayer protocol that aims to connect users to any decentralised application. BICO is an ERC-20 token used for network fees, stakeholder incentives and governance. There are a total of 1 billion BICO tokens in supply.
FTX Token (FTT)
FTX Token is the native token of FTX’s crypto trading platform. FTX specialises in crypto derivatives; selling these is banned in the UK. FTT is used on the platform for staking, among other aspects.
Using eToro
eToro is a platform that’s suitable for both beginners and advanced traders It is one of the most active social trading networks in the world. If you’re interested in learning more about using eToro, check out our in-depth review.
Uphold
Optimism Token (OP)
Optimisim is a popular Ethereum layer 2 rollup which allows users to use some Ethereum apps at a lower cost without losing the network’s essential security guarantees. OP will act as a governance token and will be handed out through a retroactive airdrop to users including early Optimism adopters and active participants on Ethereum.
Using Uphold
Uphold is a mutli-asset digital money platform that helps you to trade between cryptocurrencies and fiat. It currently supports more than 90 cryptocurrencies and stablecoins. To learn more about its services, take a look at our review.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
