eToro Continues Journey Towards a Tokenized Future With Launch of 24/5 Trading, Futures and Tokenized Stocks
eToro Group Ltd., a prominent trading and investing platform, unveiled its latest advancements in a global webinar titled ‘eToro Unlocked: Trade Without Boundaries.’ This webinar shed light on how the company is steadily evolving its product offerings as it embraces a tokenized future.
Yoni Assia, Co-founder and CEO of eToro, expressed, “We have been long-term believers in a tokenized future. Blockchain technology is set to facilitate the greatest ever transfer of wealth, as traditional assets are transformed into tokens and transitioned onto the blockchain. Despite existing hurdles such as vested interests, we are witnessing significant milestones on this journey. New regulations are turning the tokenization of real-world assets into a promising opportunity to create digital assets that are legally backed and regulated. The advantages of tokenization, notably 24/7 transferability, have been effectively demonstrated by stable coins, and these opportunities are now expanding to encompass more asset classes.”
During the webinar, eToro announced plans to expand its current 24/5 trading options. The initial expansion will include a list of 100 of the most popular US-listed stocks and ETFs, available for trading around the clock from Monday to Friday, offered as the underlying asset.
Further enhancing their offerings, eToro has made strides in the futures market. As one of the first platforms to provide spot-quoted futures, developed in collaboration with CME Group, eToro has introduced futures contracts that present the benefits of futures trading with accessible-sized contracts. These contracts offer spot-based pricing with longer-dated expiries. This innovative approach empowers users with more flexibility to engage with both stock and crypto markets, all seamlessly integrated into the eToro platform. While currently available in select European markets, eToro is planning to extend this offering to a broader segment of its global user base, equipping them with essential tools for every stage of their investing journey.
“Our objective is to provide our global users with the flexibility to trade on their own schedules. Whether through US equities or spot-quoted futures, 24/5 trading enables users to respond in real-time to market events or trade at their convenience. We are committed to expanding this offering, thus empowering our users to have control over their trading times,” stated Yoni Assia.
Since co-authoring the Colored Coins whitepaper in 2012, CEO Yoni Assia has led eToro’s active involvement in the realm of tokenization. In 2019, following the acquisition of the Danish token startup Firmo, eToro launched tokenized gold (GOLDX) and silver (SLVX), along with several fiat currencies. Building on this legacy, eToro has now announced the future launch of US-listed equities as ERC20 tokens on the Ethereum blockchain.
As eToro continues to break new ground in financial innovation, these initiatives highlight its commitment to adapting to the evolving landscape of digital and tokenized assets. By providing innovative solutions that cater to the diverse needs of its users globally, eToro is positioning itself at the forefront of the transition towards a tokenized future.
