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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.

By Jamie Crawley|Edited by Parikshit Mishra
Updated Jun 13, 2023, 5:48 p.m. Published Jun 13, 2023, 8:36 a.m.
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In this article

DASHDASH$20.92◢2.86%MANAMANA$0.2777◢3.38%ALGOALGO$0.2371◢3.79%

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$0.2314
, Decentraland
MANA$0.2765
, Dash
DASH$20.94
and Polygon
MATIC$0.2186
, 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
Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.

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Jamie Crawley

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