Trading platform eToro has announced that it will add three new crypto assets to its investment platform: Fetch.ai (FET), Synthetix (SNX), and REN Protocol (REN). Currently, FETs and REN are trading at $ 0.459 and $ 5, respectively, with a 2% increase over the last 24 hours, of which 1% has increased. REN is trading at $ 0.422 and has lost 3% of its value today. With the introduction of these three new assets, the platform will offer over 2,000 different financial assets, including equities, cryptocurrencies and ETFs.
Fetch.ai focuses on artificial intelligence
Fetch.ai (FET) is a blockchain protocol that focuses on artificial intelligence (AI) and builds open access machine learning networks. The purpose of this project is to realize a smart infrastructure built around a decentralized digital economy. This technology helps users automate various DeFi tasks, such as drawing liquidity from pools on DeFi exchanges such as Uniswap. Token holders can vote for system updates and use them to enhance their own Fetch programs.
Ren allows traders to connect to decentralized applications
Ren (Ren Redes Energeticas Nacionas) connects traders and decentralized applications on various blockchain networks. Ren Redes Energeticas Nacionas runs on a dark node network, trading is private between exchanges and minimizes the impact of front running by traders. The REN token is used to power the network and is required to run the dark node.
Synthetix allows you to create your own synthetic assets
Synthetix (SNX) is a platform that allows users to create their own synthetic assets over the blockchain. This technology allows users to create synthetic tokens for physical assets such as currencies, stocks, commodities and cryptos. Investors can use SNX for decentralized oracles that detect the value of crypto assets and create synthetic assets on the Ethereum network. “Last year, the rise of decentralized financing has increased the interest of more and more people, and investors are looking to new cryptos. Despite volatile earlier this year, DeFi will grow in 2022. We anticipate that, “commented Tomer Niv, director of eToro’s global cryptographic solutions. “EToro means giving investors choice and is excited to continue expanding their cryptocurrency offerings, which gives investors the opportunity to diversify their portfolios.”
Since 2013, eToro has provided individual customers with access to the crypto market and has since gained 20 million users worldwide. The platform allows users to easily buy, hold and sell assets such as Fetch.ai (FET), Ren (Ren Redes Energeticas Nacionas) and Synthetix (SNX) on the investment platform using fiat currencies.