eToro Issues an Apology to Ripple’s XRP Army

Marco Verch / Flickr

Tel Aviv-based trading app eToro¬†has issued an apology to XRP Army, a term used to describe the large and dedicated¬†Twitter¬†following of Ripple’s digital currency, over a critical video detailing the price action of XRP as a warning to investors.

In the apology tweet, eToro explains that the now-deleted video was intended to push the idea of diversification.¬†However, many within the XRP community saw this as nothing more than “FUD” (fear, uncertainty and doubt), which quickly prompted eToro to further elaborate on their position.

“The message in the video, is not to abandon #XRP but rather to perhaps consider diversifying one’s portfolio based on the stats of XRP held on eToro. A lot of investors would agree that diversification does not replace HODL’ing but is rather a positive add-on to building a more sturdy investment portfolio.,” eToro states.

As we previously reported, clients of eToro have taken the recent price dip as an opportunity to add to their positions in Bitcoin, EOS and XRP. Given the significant inflows of capital, it’s clear that eToro will likely look avoid offending the zealous XRP community going forward.

More: eToro XRP Apology Tweet
Photo: Marco Verch / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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