eToro, a leading multi-asset trading platform, has significantly expanded its cryptocurrency offerings for users in the United States. This move introduces a broader range of digital assets, including popular tokens like Dogecoin (DOGE), XRP, Cardano (ADA), and Shiba Inu (SHIB). The expansion follows the company’s recent successful debut on the Nasdaq stock exchange and represents a strategic effort to strengthen its position in the competitive US market.
Until now, eToro’s US customers had access to only three cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). The latest update adds 12 new tokens, providing traders with more diversified investment options. The full list of new additions includes Aave (AAVE), Chainlink (LINK), Compound (COMP), Ethereum Classic (ETC), Litecoin (LTC), Uniswap (UNI), and Stellar (XLM).
Strategic Expansion After Nasdaq Debut
eToro’s decision to broaden its cryptocurrency lineup comes shortly after it became the first US-based crypto firm to go public on the Nasdaq. This milestone not only enhances the platform’s credibility but also supports its growth strategy in a rapidly evolving market. The expansion allows eToro to compete more effectively with other major trading platforms that offer a wider selection of digital assets.
The public listing, which raised approximately $310 million, reflects strong investor confidence in fintech companies that provide integrated access to both traditional equities and cryptocurrency markets. Although the stock experienced a minor adjustment, slipping to $64.15 on Wednesday, it remains well above its initial public offering price of $52.
Andrew McCormick, Head of eToro US, stated, “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.”
Regulatory Background and Market Comeback
In September 2024, eToro reached a settlement with the US Securities and Exchange Commission (SEC) regarding allegations that it operated as an unregistered broker and clearing agency. As part of that agreement, the platform drastically reduced its US cryptocurrency offerings, retaining only three out of the 74 tokens previously available.
McCormick explained that the settlement provided the company with the flexibility to reintroduce tokens when market conditions improved. He noted, “The deal gave us flexibility to add tokens back when the time felt right, and that time is now.”
This relaunch underscores eToro’s renewed focus on the US market. With over 40 million registered users across 75 countries, eToro remains one of the world’s largest social trading networks. Cryptocurrency trading accounted for 37% of the platform’s commission revenue in the first quarter of 2025, highlighting the significance of digital assets to its business model.
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Frequently Asked Questions
What cryptocurrencies are newly available on eToro in the US?
eToro has added Dogecoin, XRP, Cardano, Shiba Inu, Aave, Chainlink, Compound, Ethereum Classic, Litecoin, Uniswap, and Stellar to its US platform. These join the existing offerings of Bitcoin, Ethereum, and Bitcoin Cash.
Why did eToro reduce its crypto offerings in the past?
The reduction was part of a settlement with the SEC in September 2024. The agreement addressed regulatory concerns and allowed eToro to eventually reintroduce tokens under more favorable conditions.
How does eToro’s expansion affect US investors?
US investors now have access to a more diverse set of digital assets, enabling better portfolio diversification and more strategic trading options. This move aligns with growing retail interest in alternative cryptocurrencies.
Is eToro a publicly traded company?
Yes, eToro went public on the Nasdaq exchange recently, raising $310 million in its initial public offering. It is the first US crypto-focused firm to be listed on Nasdaq.
What percentage of eToro’s trading revenue comes from crypto?
In Q1 2025, cryptocurrency transactions contributed 37% of eToro’s total trading commissions, underscoring the importance of digital assets to its business.
How can users start trading the new cryptocurrencies?
Existing users can access the new tokens directly through their eToro dashboard. New users will need to sign up, complete identity verification, and deposit funds to begin trading.