Tron (TRX) Launches on eToro Crypto Trading Services Platform Following US Expansion
Tron has become the 15th crypto asset addition to the eToro market joining Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO, EOS, Cardano, IOTA, BNB, and ZCASH on the platform.
The social trading platform has over 10 million registered users that will also add TRX to its Crypto Portfolio enabling investors to diversify the portfolios across all the available crypto assets (weighted by market cap) with just a click.
“TRON is making fast progress towards lofty ambitions, and has rightly garnered the attention of the crypto community,”
said Yoni Assia, the co-founder and CEO at eToro.
“Given the relative youth of blockchain technology, investors in crypto-assets are investing in big ideas and seeking out companies that execute on big ideas. Tron certainly ticks that box. At eToro we look to offer investors access to crypto-assets that already have some clear success behind them.”
Tron Foundation took to Twitter to announce the eToro addition where investors will own the real underlying asset that is TRX when buying Tron. This, according to Justin Sun, the founder of Tron will “expand” the reach of the 11th largest cryptocurrency by market cap of $1.5 billion around the world.
eToro adds #TRON’s TRX, #TRX becomes the 15th cryptoasset available on @eToro platform. #TRONICS can buy or sell $TRX using fiat on eToro via #Visa, #MasterCard, #Paypal, #UnionPay, #Webmoney, #YandexWallet and other payment platforms.😎 https://t.co/h7PVFZZUVz
— TRON Foundation (@Tronfoundation) March 25, 2019
Tron Overtaking EOS and Ethereum
In this latest weekly Dapp report, Tron claimed that its Dapp trading volume stands at the top among the public chains. From early March, Tron has been on its way to surpassing EOS and Ethereum in Dapp trading volume which it states has been due to well aware “performance issues” of ETH.
Talking about the numbers, in terms of account numbers, Tron’s 2.17 million are 3 times that of EOS and its DAU at 60,000 is five times of ETH. Moreover, in mid-March, the transaction volume of Tron at its highest point has been twice the combined volume of EOS and ETH.
As for how Tron beats EOS, the low entry bar for users in comparison to the 5th largest cryptocurrency have given it an edge while the low user fee and development cost on the platform are attracting the community.
It further shares that Tron provides the developers with technical and financial support and community promotion that are more “comprehensive” than that of EOS.
However, it hasn’t been all positive for Tron this week as almost half of Justin Sun’s followers has been revealed as fake.
According to an analysis of Sun’s 50,000 new Twitter followers, about 20,000 are zero day accounts created just this month with almost no tweets or followers. Geoff Goldberg, a researcher that focuses on Twitter bot manipulation said many of these 20,000 followers are newly created with many of them having eight numbers after their name that could suggest they are mass created by software.
At the time of writing, Tron has been trading at $0.0229 with 24-hours loss of 3.77 percent, as per Coinmarketcap.