eToro adds SHIBA to offering

Shiba Inu is now available on eToro.

Designed as a cryptoasset to support a fan-favorite breed, SHIB is one of the first cryptos to actually give back to charity. Unlike $BTC’s limited supply, SHIB has a circulating supply of one quadrillion, and it is represented on eToro as “Shiba (in millions)”, which is a “lot” of one million Shiba Inu units. By providing Shiba Inu as “Shiba (in millions)”, eToro offers users a clearer understanding of the pricing in a regular, two-decimal-point format.

Just as with any other cryptoasset on eToro, users can invest in the amount of their choosing, at or above the minimum required for an investment. Currently, the minimum investment size for cryptos on eToro is $25. The Shiba Inu ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Shiba Inu will not be included in any CopyPortfolios at launch. The eToro investment team rebalances eToro’s portfolios at regular intervals and some or all of these tokens could be added to any one of eToro’s portfolios which include crypto, if deemed appropriate.

Depending on local regulations in your country of residence, you can open ONLY BUY non-leveraged positions on this asset. Go to the $SHIBxM page by typing in SHIBxM in the search box at the top of the page. Click on the “Trade” button. Choose BUY (go long).

Withdrawing cryptoassets from the eToro platform to the eToro Money wallet is a process called ‘transfer’. Currently, it is NOT possible to transfer $SHIBxM from the eToro platform to the eToro money wallet.

Please, note that cryptoasset investing is unregulated in some EU countries and the UK, which means that there is no consumer protection for investors in these assets.

More on this topic can be found here.