The cryptocurrency market is witnessing significant growth as eToro, a leading trading platform, expands its altcoin offerings in the U.S. Following its recent Nasdaq debut, eToro has added 12 new cryptocurrencies to its U.S. lineup, including Dogecoin (DOGE), XRP, Cardano (ADA), and Shiba Inu (SHIB). Previously, the platform only supported Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH) for American traders.
The newly listed tokens also feature:
- Aave (AAVE)
- Chainlink (LINK)
- Compound (COMP)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Uniswap (UNI)
- Stellar (XLM)
👉 Discover how eToro’s expansion impacts crypto accessibility
eToro Rebuilds U.S. Crypto Services
This expansion aligns with eToro’s strategy to strengthen its U.S. market presence and compete with giants like Coinbase and Robinhood. The move follows eToro’s successful Nasdaq IPO, making it the first U.S. crypto firm to go public.
Andrew McCormick, Head of eToro US, stated:
“eToro has been a long-term supporter of crypto. This step reflects our commitment to providing retail investors with accessible digital assets and the tools needed for long-term wealth building.”
$310M IPO Drives Expansion
eToro raised $310 million** in its IPO, showcasing robust investor confidence in hybrid trading platforms. Despite a slight dip to **$64.15 on Wednesday, the stock remains above its $52 IPO price.
In September 2024, eToro resolved SEC allegations of operating as an unregistered broker, leading to the removal of most tokens from its U.S. platform. McCormick noted:
“The settlement allowed us to reintroduce tokens when conditions were favorable—and that time is now.”
With 40+ million users across 75 countries, eToro is reclaiming its foothold in the U.S. Crypto trading accounted for 37% of its Q1 2025 commissions, signaling a strong market resurgence.
👉 Learn why eToro’s IPO marks a milestone for crypto trading
FAQs
Q: Which cryptocurrencies did eToro add for U.S. traders?
A: DOGE, XRP, ADA, SHIB, AAVE, LINK, COMP, ETC, LTC, UNI, XLM, and more.
Q: Why did eToro scale back its U.S. crypto services earlier?
A: Due to a 2024 SEC settlement requiring regulatory compliance.
Q: How much did eToro raise in its IPO?
A: $310 million, reinforcing its growth strategy.
Q: What percentage of eToro’s Q1 2025 commissions came from crypto?
A: 37%, highlighting its renewed focus.