2023-6-13 13:51 |
Social trading platform eToro has confirmed plans to delist selected crypto assets for its United States clients next month. Users will no longer open positions on altcoins Algorand, Polygon, Decentraland, and Dash as of 12 July 2023.
#eToro to Delist Four #cryptocurrencies for U.S. Users Next Month, From July 12, 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), eToro#Crypto @MMCrypto @Crypto__Diva pic.twitter.com/7hnRsjTCre
— Crypto Luster (@CryptoLstr) June 13, 2023 eToro reduces its crypto offering for US usersEToro revealed plans to adjust its cryptocurrency offerings for its United States users. While it stated that ‘recent developments’ catalyzed the decision, the crypto community believes SEC’s actions are behind the move. Furthermore, the regulator had named the four tokens in its crypto securities list.
The new changes won’t impact non-US clients. eToro added that US users could hold and sell existing positions in the affected alts.
eToro’s Twitter thread had many believing the latest legal moves by the United States Securities & Exchange Commission triggered the action to delist the altcoins. The SEC had deemed multiple crypto assets securities in its latest crackdown.
Trading platforms review their offerings amid SEC suitsThe latest SEC suits have triggered notable moves in the crypto space. Meanwhile, trading platforms continue to assess their asset indexes to comply with SEC laws. eToro’s move to delist selected tokens comes a week after invezz.com reported that Robinhood removed some of the altcoins in its trading platform.
eToro stated that they would work with regulators globally to ensure a secured industry and the inclusion of worldwide investors.
The post eToro to delist four altcoins in SEC compliance appeared first on Invezz.
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