ADA Rocked After eToro Announces Surprise Delisting in US
- Date: 26-Nov-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
ADA Rocked After eToro Announces Surprise Delisting in US
The crypto community was left shocked on Tuesday following a surprise move by popular retail trading platform eToro to delist Cardano’s cryptocurrency ADA in the US by the end of 2021.
eToro, an Israeli social trading and multi-asset brokerage company that offers copy trading services covering forex and crypto, said regulatory concerns motivated the decision. The company also announced that it would be delisting Tron’s TRX.
“The regulatory landscape for crypto is evolving rapidly… As a result, we will be limiting the ability for US users to open new positions in, or earn staking rewards for, ADA and TRX” a spokesperson from eToro told Business Insider.
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