After launching its cryptocurrency exchange earlier this year, social trading platform eToro has bolstered the number of the cryptocurrencies it offers, adding IOTA to the roster, reports Julie Muhn at Finovate.
IOTA was launched in 2015 to provide communication and transactions for internet of things (IoT) platforms and has a market capitalisation of $1.4 billion.
The currency shows promising use as an IoT platform and, according to eToro, has received “quite a bit of attention” from the blockchain and cryptocurrency communities.
The addition of IOTA to eToro’s platform boosts the Israel-based company’s total cryptocurrency count to 12. This is up from the ten cryptocurrencies eToro announced when it launched the exchange in March.
Also in March, eToro raised a $100 million in Series E round, more than doubling its funding to $162 million.