eToro boosts investor exposure to diverse assets with DeFi portfolio launch

Investment platform eToro has unveiled a decentralised finance (DeFi) portfolio to offer investors ‘long-term exposure to key projects in the DeFi ecosystem’.

According to eToro, the new portfolio will enable investors to become ‘part of one of the most innovative developments in finance’ DeFi is a movement that aims to bypass traditional financial mediators by putting financial services on the blockchain.

eToro’s DeFi portfolio currently includes eleven DeFi cryptoassets. These include Ether, Uniswap, Aave, Chainlink, Compound, Yearn.finance, Algorand, Basic Attention Token, Maker, Polygon and Decentraland.

The company highlighted initial investments in the DeFi portfolio will start from $1,000 and investors will be able to access tools and charts to track the portfolio’s performance. Meanwhile, eToro’s social feed will keep them up-to-date on developments in the DeFi sector.

eToro head of portfolio investments Dani Brinker said, “DeFi is one of the most talked about innovations in finance, with thousands of new cryptoassets emerging in recent months. But for people who don’t have the time to research every asset’s whitepaper, the market may seem like a minefield. By packaging up a selection of cryptoassets in a DeFi CopyPortfolio, we’re doing the heavy lifting and enabling our customers to gain exposure and spread the risk across a variety of cryptos.

“Decentralised finance is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilises smart contracts on blockchains.

“Both smart contract blockchains and a selection of leading protocols are included in the portfolio, giving you exposure to every corner of DeFi — from Uniswap to Yearn and beyond — without having to spend hours on research. We use eToro’s unique position as an innovator within the crypto domain, to revisit these projects and update the allocation and methodology down the line.”

Robinhood recently revealed it plans to introduce crypto wallets in 2022 that will allow customers to deposit and withdraw Bitcoin, ETH and other digital tokens from their accounts to external wallets.

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