coinpedia 2025-05-29 04:24:36

eToro Expands U.S. Crypto Lineup with DOGE, XRP, SHIB and ADA After Nasdaq Debut

The post eToro Expands U.S. Crypto Lineup with DOGE, XRP, SHIB and ADA After Nasdaq Debut appeared first on Coinpedia Fintech News The crypto market just got a boost as trading platform eToro expands its altcoin lineup in the U.S. while XRP makes headlines on multiple fronts. Fresh off its Nasdaq debut, eToro has added 12 new cryptocurrencies to its U.S. offerings, including Dogecoin, XRP, Cardano, and Shiba Inu. Until now, the platform only offered Bitcoin, Ethereum, and Bitcoin Cash to American traders. The newly added tokens also include Aave, Chainlink, Compound, Ethereum Classic, Litecoin, Uniswap and Stellar. eToro Rebuilds U.S. Crypto Lineup The news comes shortly after eToro made its debut on Nasdaq, becoming the first U.S. crypto firm to go public. Stablecoin issuer Circle also had plans to go public and filed for its IPO on Tuesday. This is part of eToro’s strategy to grow its U.S. presence and compete with major platforms like Coinbase and Robinhood. “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 success as it raised about $ 310 million. This shows strong investor interest in platforms that offer both stocks and crypto. The stock slipped slightly on Wednesday to $64.15, but it is still above its IPO price of $52. 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. 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.