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eToro partners with NapoleonX, France’s first regulated cryptocurrency asset manager

Akash Anand

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eToro partners with NapoleonX, France's first regulated cryptocurrency asset manager
Source: Pixabay

Mass adoption of cryptocurrencies has been the major focus of proponents and users of the field. The latest move by a French cryptocurrency organization is a step in the right direction.

eToro, the cryptocurrency trading platform, announced that its partnership with the Napoleon Group which will launch NapoleonX, France’s first regulated cryptocurrency asset manager. Yoni Assia, eToro’s Chief Executive Officer, stated,

“I am delighted that asset managers like Napoleon Group want to work with eToro via our range of Partner CopyPortfolios. It is about making it as easy as possible for investors to tap into the strategies of professional asset managers and traders.”

France is one of the few countries in the world where crypto has been accepted, albeit in moderate ways. The adoption also received a big push after France’s Financia Business School began accepting fees in Bitcoin, a landmark move.



Officials from NapoleonX claimed that the partnership will ensure that members in the cryptocurrency community receive a substantial amount of help in terms of managing their assets, as well as stick to the mandated rules and regulations. Stephane Ifrah, CEO of Napoleon Group added,

“Crypto markets are volatile and this might be off-putting for some investors, that’s why we are eager to share our solutions with more people. Our strategy, historically, has enabled people to participate in the crypto bull run while limiting the downside in more turbulent markets.”

eToro was in the news recently after it launched 8 different stablecoins on its fully regulated cryptocurrency exchange, eToroX.  Mati Greenspan, Senior Market Analyst at eToro tweeted,

“We’re launching now 8 new stable coins, which are the most traded currencies in the world.We will continuously innovate @eTorox to add more features and more assets.” “Every person can now log in to http://etorox.com  and try it out.”





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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