eToro lists Shiba Inu coin SHIB in response to customer demand

The online brokerage platform eToro recently listed SHIB (Shiba Inu coin). According to the press release, the company stated, "We made this decision due to strong customer demand."

The online brokerage platform eToro has recently listed SHIB (Shiba Inu coin). According to the press release, the company stated: "We made this decision due to strong customer demand."

Because the unit price of SHIB is extremely low, almost a fraction of a fraction of a dollar, eToro will display it in easily recognizable double-digit units when users trade this popular meme coin.

Established in 2006, eToro is a financial investment service brokerage headquartered in Israel, with offices in the United States, Australia, and various locations in Europe. In 2017, eToro collaborated with CoinDash to develop blockchain-related trading and listed ten cryptocurrencies in 2018 to provide investment and trading in the U.S. financial markets. eToro is set to merge with a special purpose acquisition company (SPAC) with a total valuation of over $10 billion to potentially go public by the end of the year.

In May of this year, eToro listed the meme coin DOGE (Dogecoin), which was highly welcomed by investors. Shortly after, DOGE surged to a historic high of $0.5 per coin. The price of SHIB also skyrocketed along with the "animal meme coin craze" to $0.00003641 per coin.

However, since the 5/19 crypto market crash, the price of SHIB has plummeted by over 80%. Despite the decentralized exchange ShibaSwap officially launching on July 6th and attracting billions of dollars in total value locked within a few days, it has not been able to reverse the current downturn.

Worse still, according to data provided by the ShibaSwap official website, the total value locked has dropped significantly to at least $400 million at the time of writing.