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

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

Yoni Assia, CEO of eToro, a popular mobile trading app for traditional as well as crypto assets, revealed Dogecoin’s listing was inspired by its ‘large and loud’ fanbase. Assia’s comment came during his interview with Business Insiders where he was discussing the trading app’s early May Dogecoin listing and revealed Elon Musk’s support also played a part. He explained,

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

He added,

And one member of that community is unique on its own. And that’s Elon Musk.

Elon Musk is quite infamous for shilling Dogecoin from time to time, so much so that many believe he might get into legal troubles with the SEC. Musk’s tweet has led to many price surges in the dogecoin’s price trajectory and there seems to be no stopping to that.

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

Advertisement

Assia Declines to Comment on Shiba Inu Listing

During the interview, Assia also mentioned Shiba Inu, another popular meme coin that shares a similar passion following as Dogecoin. When asked about plans of listing the meme currency Assia said,

Unfortunately, we do not comment on future listings on eToro, but I would say that it does seem that Shiba has a passionate community around it.”

Both Dogecoin and Shiba Inu have risen dramatically last month where Doge broke into the top-5 crypto-list while Shiba Inu broke into top-20 fueled by community frenzy and Musk tweets. While these tokens were seen as a meme, they have turned into real investments for many over the past few months.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025
  • News

Rising Demand for Verifiable Crypto Ownership Drives Launch of Trezor Safe 7

Crypto ownership is a topic that has been discussed across major forums globally in the…

October 22, 2025
  • News

Robinhood Lists Binance Coin as BNB Outperforms BTC, ETH, SOL YTD By Over 30%

Crypto exchange Robinhood has listed the Binance coin for spot trading for its U.S. customers.…

October 22, 2025
  • News

Bitget Partners With Google Developer Group On Hackathon To Support AI Innovation

Bitget, a leading crypto exchange in the world, has joined forces with Google Developer Group…

October 22, 2025
  • News

Can Cardano Save Kadena? Hoskinson Reaches Out After KDA Token Plunges Amid Scam Allegations

Kadena has announced it was shutting down operations, sending its KDA price into a freefall.…

October 22, 2025