Social investing network eToro today added two new cryptocurrency
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tokens to its investment platform, taking the total number of digital assets offered to 64.
eToro users can now invest in Universal Market Access (UMA) and API3. Both based on the Ethereum blockchain, the two tokens facilitate on-chain governance – a system used for managing and implementing changes to crypto asset blockchains, as well as other scopes.
Universal Market Access (UMA) is an ethereum-based protocol that enables users to build their synthetic assets, which are tokens that track the value of real-world assets, at low fees and without the need for a central body. UMA is a governance token and can be used to pay fees, mint synthetic assets as well as vote on changes to the protocol.
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