Trading Platform eToro Adds 12 Tokens to US Platform Following SEC Settlement and IPO Push
Summary
eToro has added 12 cryptocurrencies to its U.S. platform, increasing its offerings from three to 15. New tokens include Cardano, Dogecoin, XRP, and Shiba Inu, joining Bitcoin, Ethereum, and Bitcoin Cash. This expansion follows a settlement with the U.S. Securities and Exchange Commission in September 2024, which required eToro to remove many tokens and pay a $1.5 million penalty for operating as an unregistered broker-dealer. The platform aims to enhance its U.S. presence after a period of regulatory constraints and is targeting a valuation of up to $4 billion following its recent IPO roadshow. Cryptocurrency trading accounted for 37% of eToro's commissions in Q1 2025. The company serves over 40 million users across 75 countries.
