Popular trading platform eToro has announced the most held cryptocurrencies by its customers.
According to data dated June 30, 2021, eToro customers hold the most Cardano, followed by Bitcoin and Ether. These two cryptocurrencies are followed by XRP and Dogecoin.
- Cardano (ADA)
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Tron (TRX)
- Stellar (XLM)
- IOTA (IOTA)
- Litecoin (LTC)
- Ethereal Classic (ETC)
It is interesting that Cardano ranks first in this table. Cardano ranks fifth in the ranking by market capitalization. The popularity of small assets like Cardano among eToro customers is partly because customers finding Bitcoin expensive and users turning to alternatives they see as cheap.
On the other hand, the report drew attention to the rapid increase in popularity of Dogecoin as the fifth asset, despite its first appearance on this list.
The figures in the first quarter were slightly different. Bitcoin was first, Cardano was second, followed by XRP. Since Dogecoin was added to eToro in May, there is no Dogecoin data for the first quarter. Speaking to Insider about the process of Dogecoin being added to eToro, eToro CEO Yoni Assia said that the company made the decision to list it after deep evaluations and that it was not logical to initially list the Shiba Inu-themed token because of its background.
Launched as a joke in 2013, Dogecoin caught a rapid exit in 2021 with the influence of supporters such as Elon Musk and Mark Cuban. Cryptocurrency has started to appear on major exchanges such as Coinbase and Gemini, as well as eToro.
On the other hand, Robinhood, another trading platform that applied for an IPO, announced that the revenues from Dogecoin trading in the first quarter of 2021 accounted for 34 percent of the company’s total revenues in cryptocurrencies. The company had earned $30 million from trading in Dogecoin alone.Share this article