eToro’s multi-asset investment platform has listed Shiba Inu. (SHIB) According to the company, this was due to substantial customer demand.

  • Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia.
  • The firm announced the listing of Shiba Inu (SHIB) in a press release shared with CryptoPotato. According to the statement, the addition was due to strong customer demand .”
  • EToro users will be able interact with the meme coin “Shiba in millions”, which refers to a “lot of one million Shiba Inu Units. This would allow customers to have a clear understanding of pricing in a regular, two decimal-point format .”

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  • The company recently outlined plans to go public later this year. It would become possible after a merger with a Special Purpose Acquisition Company (SPAC) with a total valuation of over $10 billion.
  • Back in May, eToro also listed arguably the most popular meme coin – Dogecoin. DOGE spiked to $0.5 shortly after.
  • SHIB reached a record price in May, as the popularity of the product soared. However, it has declined by more than 80% since then, even though the recently launched ShibaSwap DEX attracted billions of dollars in total value locked in just a few days after the launch.
  • However, the TVL has declined by nearly 80% since then to around $400 million as of writing these lines, according to data from DeFiLama.
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