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By Helene Braun|Edited by Stephen Alpher
May 28, 2025, 2:46 p.m.
- Trading platform eToro added Dogecoin, Cardano, XRP and 9 other tokens to its U.S. platform.
- The firm this month raised $310M and went public on Nasdaq under the ticker ETOR.
- Shares remain in the $64 area, nicely ahead of the IPO pricing of $52.
Trading platform eToro (ETOR) has expanded its crypto offerings in the U.S., adding 12 new digital assets including Dogecoin
, Cardano
and XRP
, the companysaidWednesday.
STORY CONTINUES BELOW
The additions bring the total number of cryptocurrencies available to U.S. users to 15. The new tokens also include Aave
, Chainlink
, Compound
, Ethereum Classic
, Litecoin
, Uniswap
, Stellar
, Shiba Inu
, and Yearn Finance
. Previously, U.S.-based users could only trade Bitcoin
, Bitcoin Cash
and Ethereum
on the platform.
The move is part of eToro’s push to widen its footprint in the U.S. market and to meet retail demand and match offerings from larger players like Coinbase (COIN) and Robinhood (HOOD).
The announcement comes just weeks after eToro made its public debut on Nasdaq, marking the first U.S. crypto firm to go public after months of trade tensions and shaky markets. Stablecoin issuer Circle, who has long had plans to go public, filed for its initial public offering on Tuesday.
Despite the turbulent macro backdrop, eToro’s IPO was well-received. The company raised around $310 million, surpassing expectations and signaling investor interest in the combined stock and crypto trading platform model.
Shares are modestly lower on Wednesday at $64.15, but remain nicely above the IPO price of $52.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
