eToro’s Crypto Comeback: DOGE, XRP, and More Join the Party 🚀

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Well, folks, the crypto market just got a whole lot more interesting. Trading platform eToro, fresh off its Nasdaq debut, has decided to throw a little party for American traders by expanding its altcoin lineup. It’s like they’re saying, “Why stick to just Bitcoin and Ethereum when you can have a whole zoo of tokens?” 🦊🐶🚀

So, what’s on the menu? Dogecoin (DOGE), XRP, Cardano (ADA), and Shiba Inu (SHIB) are just a few of the 12 new cryptocurrencies joining the eToro U.S. offerings. It’s like a crypto buffet, and you’re invited to the feast. Until now, the platform only offered Bitcoin, Ethereum, and Bitcoin Cash to American traders. But hey, who needs variety when you can have more of the same, right? 😂

eToro Rebuilds U.S. Crypto Lineup

The news comes shortly after eToro made its grand entrance on Nasdaq, becoming the first U.S. crypto firm to go public. It’s like they’re saying, “We’re not just a trading platform; we’re a public company now, and we mean business.” Stablecoin issuer Circle also had plans to go public and filed for its IPO on Tuesday. This is all part of eToro’s grand strategy to grow its U.S. presence and give the big boys like Coinbase and Robinhood a run for their money. 🤑

“eToro has been a long-term supporter of crypto, and this step demonstrates our commitment to making digital assets accessible to our users. We’re dedicated to empowering retail investors with the knowledge, tools, and access to the assets they want and need to build long-term wealth,” said Head of eToro US, Andrew McCormick. 🙌

$310M IPO Fuels Growth

eToro’s IPO was a smashing success, raising about $310 million. It’s like they threw a big party and everyone showed up with their wallets. The stock slipped slightly on Wednesday to $64.15, but it’s still above its IPO price of $52. So, it’s not a total wash, but it’s not exactly a home run either. 🏆

In September 2024, eToro settled with the SEC over claims it was running as an unregistered broker and clearing agency. The company removed most tokens from its U.S. platform, keeping just three out of 74. “The deal gave us flexibility to add tokens back when the time felt right, and that time is now,” said McCormick. It’s like they’re saying, “We took a step back, but now we’re ready to leap forward.” 🚀

eToro remains one of the world’s largest multi-asset trading platforms with over 40 million users in 75 countries. After scaling back U.S. crypto services, it’s now making a strong comeback, as crypto made up 37% of its Q1 2025 trading commissions. So, whether you’re a crypto veteran or a curious newcomer, eToro’s got something for you. 🎉

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2025-05-29 07:37