eToro Becomes The Latest Exchange to List SOL Token

The social investment and trading network is the latest in a series of platforms adopting the SOL token.

By
Anirudh Tiwari
on
October 13, 2021
Category:
Breaking News

SOL Token Gains More Adoption

eToro, the cryptocurrency trading platform based in Israel, listed the Solana (SOL) token on their platform for users to buy, trade, and stake along with the 31 other cryptocurrency assets on the platform.

The Solana ecosystem has been gaining adoption in a rapid manner across various platforms and exchanges. eToro is looking to capitalize on the momentum, announcing the support of the SOL token on October 12th according to an official website release by the eToroTeam

“The $SOL token is a scalable crypto created for the Solana blockchain, capable of almost 50,000 transactions per second. Investors are chosen to become proof-of-stake holders based on the number of $SOL currently held,” elaborated eToro further on their motivations and plans for Solana.
Source: eToro Twitter

The SOL token has performed extremely well this year when compared to its historical performance. As previously reported by Solana.News, other traditional service providers are also capitalizing on the hype. Payment giant, PaySafe, now supports the token via Skrill and Neteller.

The token currently exchanges hands in the $146 range with a market capitalization of nearly $44 million, posting extraordinary yearly gains of 5,608.7% as per data from CoinGecko.

About eToro

eToro is a multi-asset social trading and investment brokerage company that allows customers to indulge in copy trading to imitate trades executed by professional traders. The platform offers trading support for Forex and equity products as well but their services are limited to cryptocurrencies in the United States.

Find about more about eToro here:

Website | Twitter | Youtube | Facebook | Instagram

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.