October 2, 2022

eToro CEO Says Trading App Listed Dogecoin Because of its Large Fanbase

2 min read


Yoni Assia, CEO of eToro, a popular mobile trading app for traditional as well as crypto possessions, revealed Dogecoin’s listing was influenced by its ‘‘ big and loud’ fanbase. Assia’s comment came during his interview with Business Insiders where he was talking about the trading app’s early May Dogecoin listing and exposed Elon Musk’s assistance likewise played a part. He described,

“one of the largest, loudest, and funniest neighborhoods in the cryptocurrency industry, a strong neighborhood is a very strong part of every cryptocurrency.

He added,

And one member of that neighborhood is special on its own. Which’s Elon Musk.

Elon Musk is rather notorious for shilling Dogecoin from time to time, a lot so that numerous think he may get into legal troubles with the SEC. Musk’s tweet has led to lots of rate rises in the dogecoin’s price trajectory and there seems to be no stopping to that.

eToro is all set to go public by means of SPAC listing later on this year with $10.4 billion assessments. In terms of performance, it is compared to another popular mobile trading app Robinhood that recently was at the center of trade halting controversy.

Assia Declines to Comment on Shiba Inu Listing

During the interview, Assia also pointed out Shiba Inu, another popular meme coin that shares a similar enthusiasm following as Dogecoin. When asked about plans of listing the meme currency Assia stated,

Unfortunately, we do not discuss future listings on eToro, however I would state that it does appear that Shiba has a passionate neighborhood around it.”

Both Dogecoin and Shiba Inu have increased considerably last month where Doge broke into the top-5 crypto-list while Shiba Inu burglarized top-20 fueled by neighborhood craze and Musk tweets. While these tokens were seen as a meme, they have actually turned into genuine investments for many over the past few months.

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