eToro has announced the re-listing of 12 cryptocurrencies on its US market, including significant assets like Cardano and XRP following its recent IPO and SEC settlement.
eToro Expands Crypto Assets in the US
On May 28, eToro announced the re-listing of 12 cryptocurrencies on its US trading platform after finalizing an SEC settlement and launching its IPO. Users now have access to 15 cryptocurrencies, significantly increasing market access. Previously, eToro had scaled back its US offerings to BTC, ETH, and BCH under regulatory pressures.
Reintroduction of Cardano and XRP to the Market
The return of significant tokens like Cardano and XRP is a crucial part of eToro's strategy. Cardano is currently priced at $0.74 with a market cap of $26.13 billion. Its 24-hour trading volume reached $593.01 million, marking a 14.85% decrease. Over the past 90 days, Cardano's price has increased by 16.16%.
Prospects for Cryptocurrencies Post-IPO
Experts and crypto community members have welcomed eToro's decision to re-list these cryptocurrencies, predicting an increase in interest and liquidity for altcoins. Analysis suggests positive prospects for institutional interest in the re-listed tokens.
The re-listing of 12 cryptocurrencies on eToro's US platform opens new opportunities for investors and enhances market liquidity, potentially impacting overall trends in the digital asset sector.
