eToro Expands Trading Operations to Include Round-the-Clock Services, Futures, and Tokenized Equities on a Weekday Basis
eToro, the popular online trading platform, has announced an expansion of its trading services, making it possible for users to trade 100 of the most popular US-listed stocks and ETFs outside regular market hours from Monday to Friday. This move also includes the introduction of futures trading and plans for tokenized shares as part of the company's broader move towards a tokenized future.
The expansion comes as a result of significant progress in eToro's tokenization initiative, which was first started in 2019. Since then, the platform has launched tokenized versions of gold, silver, and various fiat currencies, and now plans to launch US-listed equities as ERC20 tokens on the Ethereum blockchain.
Yoni Assia, eToro's Co-founder and CEO, expressed his vision for the future, stating, "We want to offer our global user base the flexibility to trade on their time-frame." In line with this, eToro is not only extending its hours trading offering to include 24/5 trading but also aiming to enable its users to move tokenized assets onto the blockchain and integrate them into the broader decentralized finance (DeFi) ecosystem.
Regulatory milestones have played a crucial role in eToro's tokenization efforts. The Markets in Crypto-Assets (MiCA) framework in Europe and the Genius Act in the US provide the legal and regulatory backing necessary for tokenizing real-world assets, creating opportunities for creating digital assets that are legally recognized and regulated.
eToro's goal is to tokenize every asset on its platform, starting with stocks. Users will be able to redeem tokenized stocks for the underlying position on eToro and vice versa, providing transparency and control. This approach could lead to more transparent, accessible, and liquid trading of traditional assets such as stocks, ETFs, and futures, expanding beyond the current 24/5 trading hours.
In addition to this, eToro has expanded its futures offering to include spot-quoted futures, offered in collaboration with CME Group. These innovative futures contracts provide users with greater flexibility to trade stock and crypto markets within the eToro platform.
Yoni Assia believes that blockchain technology will facilitate the greatest ever transfer of wealth and that eToro's mission is to open the global markets. He emphasized that tokenization brings 24/7 accessibility and has the potential to democratize finance.
In summary, eToro's expanded 24/5 trading and futures offerings, combined with regulatory progress, are key steps towards a blockchain-based tokenized future that will affect traditional asset classes by allowing continuous trading, increased liquidity, and user control over asset transfers within regulated frameworks.
- The expansion of eToro's trading services, which includes trading US-listed equities outside regular market hours and the introduction of futures trading, is a result of significant progress in the technology of tokenizing assets on the Ethereum blockchain.
- Regulatory milestones, such as the Markets in Crypto-Assets (MiCA) framework in Europe and the Genius Act in the US, have played a crucial role in eToro's plans to tokensize real-world assets, creating opportunities for creating digital assets that are legally recognized and regulated.
- eToro's goal is to tokenize every asset on its platform, starting with stocks, and users will be able to redeem tokenized stocks for the underlying position on eToro and vice versa, providing transparency and control.
- Yoni Assia, eToro's Co-founder and CEO, believes that blockchain technology will facilitate the greatest ever transfer of wealth and that eToro's mission is to open the global markets by democratizing finance with tokenization and 24/7 accessibility.
