eToro to delist Cardano by 2022 for US users due to regulatory concerns

eToro to delist Cardano by 2022 for US users due to regulatory concerns


In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tro (TRX) for U.S. customers by the end of the year.

After Dec. 31, U.S. users will no longer be able to open new positions in the tokens nor stake ADA and TRX. In addition, wallets will be effectively in withdraw-only mode until the first quarter of 2022, where selling will also become limited. In making the decision, eToro cited regulatory concerns surrounding both assets.

The move came as a surprise to some as ADA has not been traditionally associated with regulatory troubles. In context, tokens like XRP, whose creators are currently engaged in an ongoing lawsuit with the Securities and Exchange Commission, or SEC, as well as Monero,

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