eToro, the global trading and investing platform, has announced the addition of five new crypto assets to its platform: Tellor (TRB), Etherfi (ETHFI), Raydium (RAY), THORChain (RUNE), and Dog Wif Hat (WIF). The move comes as cryptocurrencies, including Bitcoin, continue to surge in popularity, with Bitcoin recently surpassing the $100,000 mark.
“With Bitcoin having reached the $100k milestone and major altcoins gaining significant momentum, analysts are predicting a potential ‘altcoin season’ in 2025,” stated Omri Ross, Chief Blockchain Scientist at eToro. “The crypto market is once again showcasing its potential as a hub for innovation and opportunity, with altcoins driving the next wave of blockchain advancements. We continue to expand the range of crypto assets on eToro so that our users can gain access and exposure to a wide range of assets and the groundbreaking potential of blockchain technology.”
Introducing the New Crypto Assets
The newly added tokens represent a mix of utility-driven projects and experimental assets:
- Tellor (TRB): A decentralized oracle network built on the Ethereum blockchain, offering a secure method for smart contracts to access and place data on-chain.
- Etherfi (ETHFI): A decentralized finance (DeFi) platform on the Ethereum blockchain, providing a suite of financial solutions.
- Raydium (RAY): A decentralized exchange (DEX) built on Solana, designed for high-speed and low-cost trading.
- THORChain (RUNE): A decentralized liquidity network facilitating seamless cross-chain trading of crypto assets.
- Dog Wif Hat (WIF): A meme coin launched on the Solana blockchain, inspired by the popular ‘Doge’ meme, featuring a dog wearing a knitted hat.
WIF has been added to eToro’s ‘experimental’ crypto asset category, a collection of high-risk tokens that show potential for innovation and disruptive technologies. This category includes other tokens such as Toncoin (TON), Bonk Inu (BONKxM), and Pepe (PEPExM).
Managing Risks in Experimental Assets
Experimental crypto assets are known for their high volatility and low liquidity, leading eToro to implement restrictions on the value of positions users can open in these assets. These limits are tailored to users’ eToro Club tiers and aim to mitigate risks associated with trading such assets.
“Since experimental crypto assets carry higher risks, including volume liquidity and asset stability, these measures are essential for responsible trading,” eToro explained.
A Decade of Crypto Access
Since entering the crypto market in 2013, eToro has enabled retail clients to buy, hold, and sell over 100 cryptocurrencies. However, the newly added tokens are not currently available to users in the US, UAE, Germany, or Australia.
As the crypto landscape continues to evolve, eToro’s commitment to offering diverse assets reflects its mission to empower users in navigating and investing in the growing digital economy.
