The global leading social investment platform, eToro, declared today that LINK (Chainlink) and UNI (Uniswap) have been added to the list of its cryptocurrency offerings which makes the total number of crypto investment choice on the platform 18. This move is sponsored by the desire to enhance the coin offerings for both professional clients and retail investors in the months to come.
LINK is a token from Chainlink, which is the first DeFi protocol to create a well-secured passage of information across the dapps (decentralized applications) and information outside the blockchain. Through the system of the Oracle network, the protocol can determine the status of manipulation and falsification of information. Currently, LINK is the 12th largest crypto in the market, having a value of about $16 billion.
UNI is a native and governance token from the decentralized exchange, Uniswap, which is built on the Ethereum blockchain. The exchange set up automatic trading of every ERC token using smart contracts where liquidity between unknown crypto options exists. Unlike the other centralized exchanges, this exchange does not require any order book. The trading volume of the exchange has been reported to have hit the mark above $30 billion in the earlier part of 2021. The market cap of UNI currently is over $16 billion and is currently the 11th largest digital asset in that regard, based on the report from CoinMarketCap.
Diverse Range with Diverse Use
The Vice president at eToro in charge of Business Solutions said: “the season is the perfect time to add to the list of the crypto offerings on eToro. There has been a surge in the appetite of the retail investor for this asset class. Much more, there is a very strong demand for investing in a wider range of crypto options. The use of both UNI and LINK are very interesting, and it is a subtle reminder that not all digital assets are designed as currencies. For Chainlink, it is a substantial project that aims to cover data and information on the internet stored on the blockchain, and Uniswap is an integral part of the trading infrastructure in the crypto space.”