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eToro Launches DeFi Wallet for Investors

-eToro Launches DeFi Wallet, Offering Investors Instant Diversification Across Several Key DeFi Crypto Assets

LONDON, Sept. 23, 2021 / PRNewswire / – eToro, the global multi-asset investment platform, today launched a DeFi portfolio, offering investors long-term exposure to key projects in the DeFi ecosystem, enabling them to become part of one of the most innovative developments in finance.

Decentralized finance (DeFi) is a movement that aims to bypass traditional financial intermediaries by putting financial services on blockchain. Rather than simply decentralizing transactions (as is the case with Bitcoin), DeFi aims to decentralize broader parts of the financial sector. This is achieved through smart contracts, which are fragments of computer code that allow complex transfers and agreements on the blockchain without the need for the approval of a central authority body.

Wallet DeFi from eToro comprises eleven DeFi crypto assets: Ether (ETH), Uniswap (UNI), Chainlink (LINK), Aave (AAVE), Compound (COMP), Yearn.finance (YFI), Decentraland (MANA), Polygon (MATIC), Algorand ( ALGO), Basic Attention Token (BAT), and Maker (MKR).

Dani brinker, Head of Portfolio Investments at eToro commented: “DeFi is one of the most talked about innovations in finance, with the emergence of thousands of new crypto assets in recent months. But for people who don’t have time to research the technical report on each asset, the market can seem like a field of By packaging a selection of crypto assets into a DeFi CopyPortfolio, we are doing the heavy lifting and allowing our clients to gain exposure and spread risk across a variety of cryptocurrencies. “

EToro portfolios offer investors ready-made and fully allocated exposure to various market topics. By grouping multiple assets under a defined methodology and employing a passive investment approach, eToro portfolios are long-term investment solutions that offer diversified exposure without management fees.

“Decentralized financing is a form of blockchain-based financing that does not rely on central financial intermediaries, such as brokers, exchanges or banks, to offer traditional financial instruments, but instead uses smart contracts on blockchains,” Brinker explained. “Both blockchain smart contracts and a selection of leading protocols are included in the portfolio, allowing you to expose yourself to every corner of DeFi – from Uniswap to Yearn and beyond – without having to spend hours researching. eToro’s unique position as an innovator within the crypto domain, to revisit these projects and update the allocation and methodology later. “

The initial investment starts at $ 1,000 and investors can access tools and charts to track portfolio performance, while the eToro social feed will keep them up-to-date with news from the DeFi sector. DeFi is one of over sixty wallets available on eToro.

Notes to editors:

Click here for more information on the Defi wallet.

About eToro Group

eToro is a multi-asset investment platform that enables people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up global markets so that everyone can trade and invest simply and transparently. Today, eToro is a global community of more than 23 million registered users who share their investment strategies; and anyone can follow the approaches of those who have been most successful. Thanks to the simplicity of the platform, users can easily buy, hold and sell assets, monitor their portfolio in real time and carry out transactions whenever they want.

Cautionary note:

Investing in crypto assets is not regulated in some EU countries and the UK. There is no consumer protection. Your capital is at risk.

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, authorized and regulated by the Financial Conduct Authority in the United Kingdom and by the Australian Securities and Investments Commission in Australia.

This communication is for informational and educational purposes only and should not be construed as investment advice, personal recommendation, or an offer or solicitation for the purchase or sale of any financial instrument. This material has been prepared without regard to the investment objectives or financial situation of any particular recipient, and has not been prepared in accordance with legal and regulatory requirements to promote independent research. Any reference to the past or future performance of a financial instrument, an index or a packaged investment product is not, nor should it be considered, a reliable indicator of future results. eToro makes no representations or assumes any responsibility as to the accuracy or completeness of the content of this publication.

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Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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