eToro’s LibraPortfolio Now Open for Investment

Social media giant Facebook’s cryptocurrency shook up the markets when they launched Libra last month.

Here’s an interesting thing!

According to Mark Zuckerberg, CEO of Facebook, this new digital coin is backed by a basket of reserve currencies like the US dollar and the Sterling which is more likely to stop the wild fluctuations.

This is unlike other cryptocurrencies such as Bitcoin which are prone to market volatility.

Facebook's Libra coin

Facebook’s Libra coin

That’s not all…

Zuckerberg’s company partnered with a consortium involving 28 bodies in the financial, technological and non-profit sectors. Names such as Uber, MasterCard, Women’s World Banking and more are included.

The new digital coin, Libra is expected to lower domestic and cross border payments and shake up the financial services around the globe for delivery.

The big and exciting news is:

eToro, the world’s leading social networking provider has launched a portfolio of 13 publicly-traded companies of firms that are involved with Facebook’s Libra’s new digital currency on their platform.

Only 2 weeks after the project’s whitepaper was made public, eToro devised the portfolio because of Libra’s importance.

*Please take note that this is not an investment in Libra but rather in the equities related to this project.

LibraPortfolio on eToro's platform

LibraPortfolio on eToro’s platform

CEO of eToro, Yoni Assia, said in an interview that previously only private companies and individuals have been able to benefit from historic developments.

He wants to change that and give clients the opportunity to take a stake in the new global currency.

He went on to say that this project of Facebook’s Libra digital coin is the first time a giant tech has moved into the crypto using finance and will have a strong impact on global finance.

The cool thing is

Companies in the LibraPortfolio on eToro’s platform make up some of the biggest and require a minimum investment in the portfolio of $2,000. 

Let’s take a look at them:

MasterCard: A worldwide organization with reported revenue in 2017 of US $12,497 billion and ranked 236th on the Fortune 500 list.

By revenue, they are the largest corporation in the US. They are a publicly-traded company and sit on the New York Stock Exchange and serve the financial sector with credit cards and payment systems.

They have well-known cards such as:

  • Cirrus
  • Maestro
  • Mondex
  • Masterpass
  • MasterCard

Visa: A publicly-traded company and sits on the New York Stock Exchange, facilitating the financial services sector with credit cards and payment systems. In 2018 they reported a revenue of $20,609 billion.

Their cards are:

  • Visa
  • Visa USA
  • Visa International

Booking Holdings: An online travel platform with websites in 200 countries and a publicly-traded company that sits on the NYSE. Their revenue for 2018 was $14.527 billion.

eBay: This company’s primary industry is the internet which is in the business of buying and selling a variety of goods and services globally. They are a publicly-traded company and sit on the NYSE. Their revenue for 2018 was $10.746 billion.

Lyft: A transportation network company and is listed on the New York Stock Exchange with a revenue in 2018 of $2.157 billion.

Uber: A transportation company listed on the New York Stock Exchange with a revenue in 2018 of $11.27 billion.

Spotify: A streaming on-demand media company listed on the New York

Liad: A French provider of telecommunication services which had a revenue of €4.77 billion in 2016 and is traded at the Euronext and CAC Next 20 Component.
 
Facebook: A giant social networking service publisher for social media and advertising and a publicly-traded company on the NYSE with a revenue of $55.838 billion in 2018.
 
Vodaphone: Listed on the London Stock Exchange and is in the telecommunications industry. They provide services worldwide and reported a revenue of €43.666 billion in 2019.

Farfetch: An online luxury fashion platform which made their IPO on the NYSE in September 2018 with a valuation of $5.8 billion and after the IPO, raised $885 million. They are in the retail business supporting clothing, shoes, accessories, and jewelry.

But here is the most important part!

eToro offers a variety of other interesting CopyPortfolios encompassing other industries and sectors such as the DroneTech CopyPortfolio and the medical cannabis industry where you can easily access and easily trade a number of companies.

eToro’s quest to reach for the stars and make it more assessable for their clients can be seen in their endeavors to provide all the most advanced tools that are readily available.

Additionally…

Recently, they launched their crypto exchange, the eToroX exchange with a number of cryptocurrencies that include Bitcoin, Ether, Bitcoin Cash, Ripple, Dash, Litecoin, Ethereum Classic, Stellar Lumens and NEO to choose from.

They also added new instruments for their traders:

  • 2 commodity-stablecoins: eToro Gold (GOLDX) and eToro Silver (SLVX)
  • 2 new fiat-stablecoins: eToro Ruble (RUBX) and eToro Yuan (CNYX)
  • 17 fiat pairs: USDEX-EURX, USDEX-GBPX, USDEX-JPYX, USDEX-CHFX, USDEX-AUDX, USDEX-NZDX, USDEX-CADX, USDEX-RUBX, USDEX-CNYX, EURX-GBPX, EURX-JPYX, EUR-CHF, EURX-AUDX, EURX-NZDX, EURX-CADX, GOLDX-USDEX and SLVX-USDEX.

Always endeavoring to be ahead of the pack, eToro also offers traders the eToro digital multi-signature wallet, making it easier and more convenient to store, send and receive multiple coins.

It all boils down to this…

Its CEO, Yoni Assia, is a firm believer in the future of blockchain technology and the demand for new stablecoins.

Looking to the future, he believes that the whole ecosystem will change and people will be able to trade tokenized assets from equity, property, art and more. 

eToro’s revolutionary and unique platform allows traders to copy (mimic) other more successful traders’ portfolios via CopyTrader.

Sign-up for their free demo account that comes with virtual money. Here, you can explore the markets and do practice trades.

And you know what the bottom line is?

eToro’s LibraPortfolio is another indication of how eToro has opened the way for new opportunities for traders.

eToro's LibraPortfolio

eToro’s LibraPortfolio

They are at the forefront with tokenization of assets and cryptocurrencies, making it more convenient than ever to trade.

Visit eToro Site

*eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

 

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