eToro Lists Binance Coin (BNB) as Its 14th Cryptocurrency

Marco Verch / Flickr

Tel Aviv-based eToro added Binance Coin (BNB), the exchange token for Binance, to its social trading platform on Monday.

With the addition of BNB, the eToro platform now supports 14 different cryptocurrencies, including IOTA (IOT), Ethereum Classic (ETC) and Cardano (ADA). While the app is not currently available to investors in the United States, eToro unveiled 2018 expansion plans with its latest $100 million fundraising round last March.

“Those new to cryptocurrency trading may wish to consider BNB as a viable option. It is considered more stable than the majority of other cryptocurrencies, as it is backed by a single exchange with a public address. Conversely, nobody knows the identity of the person who invented Bitcoin, despite its decade-long existence,” states eToro in its announcement.

The new listing comes several weeks after Binance conducted its 5th token burn, removing more than 1.6 million BNB ($17 million) from circulation.

BNB has been one of the best performing cryptocurrencies of 2018 and currently has a $1.23 billion market cap, making it the largest token in the AltDex Exchange Token Index (ALTEXC).

More: Binance Coin: Everything you need to know about trading BNB on eToro
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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