eToro Expands Crypto Offerings in U.S. with 12 New Tokens
Trading platform eToro (ETOR) has broadened its cryptocurrency lineup for U.S. users, adding 12 new digital assets including popular coins like Dogecoin (DOGE), Cardano (ADA), and XRP (XRP), the company announced Wednesday.
With these additions, eToro now offers a total of 15 cryptocurrencies to its U.S.-based customers. The expanded list also features Aave (AAVE), Chainlink (LINK), Compound (COMP), Ethereum Classic (ETC), Litecoin (LTC), Uniswap (UNI), Stellar (XLM), Shiba Inu (SHIB), and Yearn Finance (YFI). Previously, U.S. traders on the platform could only access Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH).
This expansion is part of eToro’s strategy to strengthen its presence in the competitive U.S. crypto market, aiming to meet growing retail investor demand and compete with larger platforms like Coinbase (COIN) and Robinhood (HOOD).
The announcement arrives shortly after eToro’s Nasdaq debut, marking a milestone as the first U.S. crypto firm to go public amid a challenging market environment and ongoing trade tensions. Meanwhile, stablecoin issuer Circle also filed for its initial public offering this week, signaling increasing public market interest in crypto-related companies.
Despite volatile macroeconomic conditions, eToro’s IPO exceeded expectations, raising approximately $310 million and highlighting investor enthusiasm for a platform combining stock and cryptocurrency trading.
eToro’s shares traded slightly lower on Wednesday at $64.15 but remain comfortably above their $52 IPO price.
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