Shiba Inu (SHIB) Is Listed on eToro Whereas ShibaSwap TVL Dips 80%

Shiba Inu (SHIB) Is Listed on eToro Whereas ShibaSwap TVL Dips 80%

eToro extends its trading platform by listing one more digital asset, Shiba Inu (SHIB). Users of eToro are now able to trade and invest on SHIB after the listing of popular meme-coin “DOGE”. As the social trading platform, eToro plans to go public by the end of 2021 the company extends the listing of its cryptocurrencies and crypto services. 

eToro listed Shiba Inu (SHIB) 

The world’s leading multi-asset trading platform, eToro empowers its users to trade with a new meme token, Shiba Inu (SHIB). The users are happy to trade with SHIB after the listing of the dogecoin recently.  Moreover, the listing of these digital currencies are due to the strong demand from its customers.

Besides, the trading company is following the trend validating its users to trade and invest with various cryptocurrencies. As a note,  eToro records more than 20 million registered users who are very eager to play with crypto space. Additionally, eToro clients are from different countries including EU, U.S and Australia and users supporting stocks, commodities, exchange-trading funds as well. 

Further, eToro CEO Yoni Assia announces,

“eToro users will be able to interact with the popular meme coin as “Shiba (in millions) and this would offer customers with a clear understanding of the pricing in a regular, two-decimal-point format.”

eToro Plans To Go Public

As a crypto affiliation company, eToro is planning to become a publicly-traded company by the end of 2021. The multi-asset investing company estimates an evaluation of over $10 Billion to set to go public in the market. Further, eToro is in discussion to connect with  a Special Purpose Acquisition Company (SPAC) called FinTech Acquisition Corp. V. to go public. 

However, when the company is traded in public it has possibilities to expand into new markets, increase the share profits. Thus the company can provide innovative plans to attract its customers worldwide. Along with this, eToro’s CEO expects strong regulations and plans to impose new rules as a part of their business growth

In July, Shiba Inu inaugurated its new exchange ShibaSwap DEX. The total value locked (TVL) surges more than $1.5 billion in less than 48 hours at its launch. In contrast, the performance of ShibaSwap drops the TVL rate nearly to 80% at present. According to significant data from CoinGecko, the current TVL of ShibaSwap is $409.39M at the time of writing. 

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A responsible HR Admin with good experience in an international pharmaceutical company. She is passionate about dedicating her time to share her perspective about crypto and blockchain technology.