Investing Platform eToro to Delist 4 Cryptocurrencies for U.S. Users Next Month
eToro cited "recent developments" as the reason for the move, referring to the SEC's legal action against Coinbase and Binance and the regulator labelling certain cryptocurrencies as securities.
Social investing platform eToro will delist a selection of crypto token for its U.S. customers in a month's time in response to recent legal action by the U.S. Securities and Exchange Commission (SEC).
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), .
However, customers will still be able to hold and sell existing positions in these tokens.
The crypto platform cited "recent developments" as the reason for the move, referring to the SEC's legal action against crypto exchanges and and the regulator listing certain cryptocurrencies as securities.
In taking this action, the platform is following Cardano's ADA), Solana's SOL and MATIC last week.
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Edited by Parikshit Mishra.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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