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Why are eTokens implemented on Ethereum

eTokens live on the Ethereum blockchain. At the moment, the Ethereum blockchain and the surrounding ecosystem provides a suitable foundation due to its relative maturity as a smart contract platform and its broadly applicable and general feature set.

For the purpose of interoperability and standardization, the existence of the Ethereum Request for Comments (ERC) and the Ethereum Improvement Proposal (EIP) processes have facilitated several ecosystem-wide standards, enabling seamless interoperability between blockchain-based service providers.

An example of such a standard is ERC20, which defines a set of operations that must be supported by a conforming fungible token. Digital assets created by eToro and traded on eToroX conform to the standards for digital asset infrastructure popularized by the Ethereum community and are compatible with all adjacent infrastructure.

How are eTokens designed?

Immutability is an important functional characteristic of smart contracts as it provides a guarantee that a contract, once deployed, will behave exactly as prescribed by its code.

For further information, please see our Whitepaper.

Quantstamp Audit
Quantstamp as engaged by eToro Group to conduct an audit of the smart contract code which underpins the eTokens.

Read the Audit Summary here.


Please note that as of June 4, 2023, eToro crypto tokens will no longer be supported.

If you currently hold any of eToro crypto tokens in your eToro Money Crypto Wallet, you can convert them to one of the Wallet’s supported cryptoassets. Please note that if you have not converted the tokens by 23:59 GMT on June 3, 2023, you will automatically be reimbursed the USD value of your eToro crypto tokens at the rate available to eToro at the time of closure, directly into your eToro investment account, within seven business days. If you hold the tokens in a location other than the eToro Money Crypto Wallet, you can send them back to the Wallet and convert them to one of the Wallet’s supported cryptoassets. For more information, please contact eToro Customer Services.

Please note that any such reimbursement is executed on a goodwill basis, and not due to any legal or regulatory obligation.

Note: There could be tax implications. Please contact your tax advisor for more information on how this can impact your personal tax exposure.