eToro US has announced significant changes to its cryptocurrency offering for US customers in response to the rapidly evolving regulatory landscape.
On July 12, the firm will bar U.S. customers from opening new positions in n Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). However, customers can continue to hold and sell existing positions in these coins.
eToro reaffirmed its commitment to collaborate with regulators around the world to shape the future of crypto and empower the average investor.
The company also addressed a user question about the possible return of XRP to its platform, saying that they are keeping an eye on the regulatory situation and will update users on any developments.
The firm’s announcement comes in the wake of the U.S. SEC’s lawsuits against both Binance and Coinbase, which saw the regulator alleged the exchanges offered unregistered securities. Some digital assets it said were securities include Cardano (ADA), Polygon (MATIC), and Solana (SOL).
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- Source: https://www.cryptocompare.com/email-updates/daily/2023/jun/13/
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