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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.

Par Jamie Crawley|Édité par Parikshit Mishra
Mise à jour 13 juin 2023, 5:48 p.m. Publié 13 juin 2023, 8:36 a.m. Traduit par IA
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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 ALGO$0.1155, MANA$0.1330, Dash DASH$40,00 and MATIC$0.1115, eToro announced on Monday.

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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 Coinbase and Binance and the regulator listing certain cryptocurrencies as securities.

In taking this action, the platform is following Robinhood (HOOD), which delisted Cardano's ADA), Solana's SOL and MATIC last week.

Read More: SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan


eToroSECMANAMATICDashALGO

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