tZERO, a blockchain for liquid assets provider, has added three more crypto assets to its tZERO Crypto app, a cryptocurrency trading platform.
In doing so, the New York based firm has increased its cryptocurrency offering to 18 coins, with the addition of Polygon, Enjin Coin and Maker.
Both Polygon and Enjin Coin are ethereum based cryptocurrencies, with the former powered by ATC, an ERC-20 token. tZero stated that Polygon has ‘dual purposes’ – securing networks through staking, and paying transaction fees.
Meanwhile, Enjin Coin is used to back the value of fungibles and non-fungible tokens (NFTs), whilst Maker is an ERC-20, governance token and recapitalisation source of the Maker Protocol, which manages the Dai stablecoin.
Alan Konevsky, tZERO Interim CEO and Chief Legal Officer, stated: “Having significantly increased the number of coins on the tZERO Crypto app in 2021, we are proud to offer our users a robust crypto offering as a part of our planned merged, UX-first cross-asset experience.
We plan to continue to increase the number and range of attractive and compliant assets and adjacent products and services on our platform in 2022.”
The announcement comes as maintastream and consumer acceptance of cryptocurrency continues to rise, with prominent companies such as WhatsApp and PayPal entering the blockchain and crypto scene.
WhatsApp now allows cryptocurrency transactions via its service, following a decision by the platform’s parent company Meta – formerly known as Facebook until a rebrand earlier this year.
Despite this, the sector continues to garner criticism and scepticism, as well as increased regulatory attention. India, for example – the world’s sixth largest economy by GDP – has tightened restrictions on the digital offerings, most recently introducing proposals potentially placing those who violate the law under arrest without a warrant.