Crypto trading platform eToro announced the addition of Chainlink (LINK) and Uniswap (UNI) to its token listings.
Yesterday the social trading platform eToro confirmed it has added Chainlink and Uniswap to its roster of supported tokens. The overall crypto market has seen substantial growth in recent months, and eToro moved to capitalize on that momentum. The online trading service said the decision to list both tokens was driven by rising investor demand.
Both tokens will be available among the tradeable crypto assets offered to the platform’s users. eToro currently serves a large client base of over 20 million users worldwide. With Chainlink and Uniswap added, the total number of digital assets available on the platform increases to 18. The United States market remains an exception, with only 16 coins accessible there. US-based customers still do not have access to Ripple’s native XRP token or Binance Coin.
eToro Vice President Doron Rosenblum commented on the development: “Now is the right time for eToro to add new cryptos. We are seeing an explosion of retail investor appetite for the asset class and strong demand for exposure to a broader range of tokens. Both LINK and UNI have compelling use cases and remind us that not all cryptocurrencies are designed to function as currencies.”
By total value locked (TVL), UNI—the native governance and token asset of the Ethereum-based Uniswap protocol—ranks among the top DeFi projects. According to DeFi Llama, Uniswap’s TVL stands at approximately $7.36 billion. Chainlink, by contrast, is an oracle network that uses LINK as its native asset. LINK has a market capitalization exceeding $14 billion and is ranked among the largest crypto assets by market cap on trackers such as CoinGecko.
Rosenblum described Chainlink as “an important project aiming to bridge internet data with information stored on blockchains.” He called Uniswap a key asset in the cryptocurrency trading niche.
The addition of these tokens comes days after the listing of leading US crypto exchange Coinbase on the NASDAQ, reinforcing the impression that the sector continues to expand. Rosenblum’s remarks suggest investors are broadening their focus to include a wider variety of crypto tokens.
eToro users can now trade or hold both assets on the platform as they can with other supported tokens. The platform also indicated plans to gradually introduce additional assets over time.