EToro Trading Firm Bought Digital Coins Portfolio Managing Tool

By Mary T. | November 8, 2019

eToro – the trading and multi-asset brokerage firm – has reportedly successful in purchasing the digital coins portfolio app Delta – a tool able to track 6,000 digital coins and tokens across 180 exchange platforms. 

Specifically, on November 6, eToro has managed to buy Delta for an unspecified price. However, as reported by CTech, the actual amount can fall somewhere around $5 million. 

Doron Rosenblum, the managing director of the firm’s subsidiary – eToroX – revealed that Delta will be incorporated into the existing eToroX system, which would offer the new feature of in-app trading to its users. eToroX will also work to add more assets, other than digital coins, to the current facilitating list of eToro. 

The Delta purchase is the second big deal eToro finalized in 2019. Back in March, the firm has successfully acquired smart contracts designing establishment – Firmo. EToro disclosed that the human resources at Firmo will be onboard as a new internal innovation team for the company, focused on assets tokenization. 

In October 2019, eToro has rolled out a sentiment-based analysing tool, as part of the collaboration with analytics and finance management firm The Tie. The tool can perform analysis on crypto-focused talks and tweets, in an attempt to track how the general audience perceive the concept of crypto.

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