CDS Crypto News eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action
Crypto News

eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Social investing platform eToro has announced that it will delist a number of crypto tokens for its U.S. customers in response to recent legal actions taken by the U.S. Securities and Exchange Commission (SEC). The move comes as a result of

734
eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Social investing platform eToro has announced that it will delist a number of crypto tokens for its U.S. customers in response to recent legal actions taken by the U.S. Securities and Exchange Commission (SEC). The move comes as a result of “recent developments,” including the SEC’s legal action against popular crypto exchanges Coinbase and Binance, as well as the regulator’s classification of certain cryptocurrencies as securities.

eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action

Starting from July 12, eToro’s U.S. customers will no longer be able to open new positions in the tokens of Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). However, existing positions in these tokens can still be held and sold by customers.

eToro’s decision follows in the footsteps of Robinhood, another popular trading platform, which recently delisted Cardano (ADA), Solana (SOL), and Polygon (MATIC).

eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action
eToro to Delist Selected Crypto Tokens for U.S. Customers in Response to SEC Legal Action
Sources:CoinDesk

Leave a comment

Leave a Reply

Related Articles

Retail Investors Return to Crypto: Bitcoin Hits All-Time High as Trump Victory Fuels Cryptocurrency Momentum

Retail Investors Return to Crypto: Bitcoin Hits All-Time High as Trump Victory...

Ethereum Foundation Treasury Strategy: $788.7M in ETH Holdings as of October 2024

Ethereum Foundation Treasury Strategy: $788.7M in ETH Holdings as of October 2024

Trump’s 2024 Victory: What It Means for U.S. Crypto Regulations

Trump's 2024 victory is expected to bring pro-crypto reforms to the U.S.,...

Tether Financing Expands: $45 Million Crude Oil Deal Completed

Tether finances a $45M crude oil deal, expanding its role in global...