eToro Crypto Trading App Sends Ripple’s Notorious XRP Community an Official Apology
eToro, a trading application based in Tel Aviv recently issued a formal apology to the XRP Army. The XRP Army is a team that has come to be associated with a large group of Ripple cryptocurrency enthusiasts. The fallout between the Twitter Army and the trading platform started after the latter released a video warning investors not to be swayed by the price actions of the XRP Army.
In the apology released via the social messaging platform, Twitter, eToro went on to explain that their earlier video had been shot, and released with the sole purpose of asking investors to try and diversify their digital assets. But many XRP enthusiasts were not happy with the video as they viewed it as a means being used by eToro to promote (fear, uncertainty, & doubt) or rather FUD.
We are happy to see how strong and well connected the #xrpcommunity is. It seems that the message in our last video has offended some of you and we want you to know that we love XRP, and the community and that's not only because XRP is one of our most valued assets 🤗
— eToro (@eToro) December 11, 2018
The strong reaction by the XRP Army is what forced eToro to issue the apology. The apology tweet was meant to elaborate the position that had been taken by the trading platform, and why they had taken the said position in the first place.
eToro in its apology tweet clearly stated that they were not asking investors to abandon the cryptocurrency in favour of other digital assets. What they were doing was asking investors to start thinking about diversifying their digital assets. The trading platform went on to state that this was solid advice based on the statistics that XRP was currently posting on the trading platform.
In the tweet, the company goes further to state that many investors would today agree with its stand that diversification is in no way meant to do away with HODLing. Instead, diversification should be viewed as a positive step that can help an investor create a portfolio that is truly stable.
As has been reported in many cryptocurrency news platforms, many eToro clients have taken the price dips experienced recently to start adding their positions on other platforms. Some of the most noteworthy platforms being XRP, EOS, and Bitcoin. Looking at the harsh reaction released by the XRP Army and their significant capital injections, it is evident that going forward, the trading platform will do everything in its power not to offend the digital assets enthusiasts.
eToro—More Information On The Trading Platform
eToro was formally launched in the year 2007, and 11 years later, the company has firmly stood by its mission of continuously transforming the money management industry. It aims to do this so as to open up new markets for every individual regardless of where they are located.
For more than ten years now, the company has consistently proven to be a global leader in all things pertaining to the global Fintech revolution. During this time, it has also cemented its position as the global leader when it comes to social trading amassing millions of users scattered across the globe.
The trading platform officially started adding cryptocurrencies on February 2017. This meant that its millions of users could now start trading in Bitcoin, Litecoin, Ethereum, and all the other major cryptocurrencies.