Internet-scale blockchain Elrond has announced the listing of its token eGold on the eToro ecosystem eToroX. The token has become the latest to be listed on eToroX after several other listings in the past few weeks.
eToroX is the crypto exchange platform eToro, which is designed for the institutional and corporate-grade crypto trading community. According to the announcement, the eToroX platform is highly secure, trusted, and a very effective crypto trading ecosystem.
eToro has grown rapidly since it was launched. Presently, the firm provides digital asset management services to over 15 million users. It provides such services to users trading forex, commodities, stocks, and those in the cryptocurrency market.
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The internet-scale blockchain claims it offers one of the fastest transaction processing speeds with the capacity of processing about 250,000 transactions per second.
The company has also made several strategic moves to make itself ready for higher growth for massive mainstream adoption.
Elrond says the high processing capacity scales up usability and performance for its blockchain network, as it brings 1,000x improvements over existing blockchains.
According to the firm, it uses state-of-the-art infrastructure that ensues inexpensive and speedy stablecoin transactions.
eToroX platform soaring high
On the other hand, eToroX was launched two years ago by eToro to define and execute eToro’s vision around blockchain technology. These roles include developing crypto assets and maintaining its world-class crypto exchange.
Last year, the firm secured a license from Gibraltar’s financial services watchdog to operate as a blockchain company using distributed ledger technology. Shortly before that, it rolled out its proprietary crypto wallet that supported four cryptocurrencies.
During eToro’s last funding in 2018, the company was valued at $800 million. But presently, the recent growth of the firm has taken its valuation to $2.5 billion.
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