The Etoro trading platform (ETOR) has expanded its crypto offers in the United States, adding 12 new digital assets, notably Dogecoin
Cardano and XRP, the company announced on Wednesday.
The additions provide the total number of cryptocurrencies available for American users at 15. New tokens also include Aave
ChainLink, Compound, Ethereum Classic, Litecoin, Uniswap, Stellar, Shiba Inu and Aswen Finance. Previously, users based in the United States could only exchange Bitcoin, Bitcoin Cash and Ethereum on the platform.
This decision is part of Etoro’s thrust to expand its footprint on the American market and to respond to the offers of retail demand and to match larger players like Coinbase (Coin) and Robinhood (Hood).
The announcement comes only a few weeks after Etoro made its public debut on the Nasdaq, marking the first American crypto company to make public after months of trade tensions and trembling markets. Stablecoin Circle transmitter, which has long planned to make public, posted its first public public call on Tuesday.
Despite the turbulent macro backdrop, the Etoro’s IPO was welcomed. The company has raised around $ 310 million, exceeding expectations and reporting the interest of investors in the combined model of trading platform in shares and crypto.
The shares are slightly lower on Wednesday at $ 64.15, but remain well above the ipo price of $ 52.
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