Business

eToro Revolutionizes Trading with Ethereum Blockchain Tokenized US Stocks and 24/5 Accessibility

Breaking New Ground in Digital Trading

In a bold move to democratize finance, eToro Group Ltd., based in Israel, has announced the launch of US-listed stocks as ERC-20 tokens on the Ethereum blockchain. This innovative approach not only extends the trading hours to 24/5 for an initial selection of 100 popular US-listed equities and ETFs but also introduces the potential for 24/7 accessibility through tokenization.

Tokenization: A Step Towards Financial Democratization

"Our mission has always been to open the global markets," stated Yoni Assia, eToro's CEO. "Extended hours trading was the first step, 24/5 takes it a step further, however tokenization brings 24/7 accessibility. Tokenization removes boundaries, providing transparency and control. It has the potential to democratize finance, making assets more accessible to more people."

Expanding Trading Horizons with Spot-Quoted Futures

Further expanding its trading platform, eToro revealed plans to include spot-quoted futures. These contracts, already live in some European markets, combine the benefits of futures trading with spot-based pricing and extended expiration dates. The company aims to roll out these features globally, marking another milestone in its mission to revolutionize trading.