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EToro will remove Cardano from its platform in 2022 for US users due to regulatory concerns

Argentina, Córdoba, Limache
Published 1 week ago
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EToro will remove Cardano from its platform in 2022 for US users due to regulatory concerns
Argentina, Córdoba, Limache,
Published 1 week ago

Description

In a statement issued to clients on Tuesday, Israeli crypto exchange eToro announced that it would delist Cardano (ADA) and Tron (TRX) for US clients by the end of the year.

After December 31, US users will no longer be able to open new token positions or staking ADA and TRX. In addition, the wallets will effectively be in withdrawal-only mode until the first quarter of 2022, where the sale will also be limited. In making the decision, eToro cited the regulatory concerns surrounding both assets.

Ripple's case with the SEC "probably" to be concluded in 2022, says CEO

The move came as a surprise to some, as the ADA has not traditionally been associated with regulatory problems. In context, tokens like XRP, whose creators are currently involved in an ongoing lawsuit with the Securities and Exchange Commission, or SEC, as well as Monero, which is a privacy coin that some fear will be easily abused for illicit purposes, they face the brunt of regulatory scrutiny in the cryptocurrency industry.


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    frankois
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    Listing location

    Argentina, Córdoba, Limache
    Av. Cordoba 553 St 0052