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eToro will be withdrawing Cardano and Tron for US customers



In a surprising turn of events, crypto broker eToro has announced that it will be removing Cardano's ADA token and TRON Foundation's TRX token for US customers from December 26, 2021.

The broker platform stated that regulatory concerns were behind their decision to remove the two major cryptocurrencies from the platform. After Christmas, US-based users will no longer be able to buy ADA or TRX tokens. The Staking for this cryptocurrency is also set for 31 December.

"The regulatory landscape for cryptocurrencies is evolving rapidly," said an eToro spokesman. "As a result, we will limit the possibility for US users to open new positions in ADA and TRX or to earn bonuses."

Cardano was launched in 2015 by Ethereum co-founder Charles Hoskinson. This year the price of the coin has risen sharply, but has had problems in the last few months. The ADA coin rose from $ 0.18 in early 2021 to an all-time high of $ 3.10 in September. Since then, however, the rate has dropped to $ 1.70. It is still the sixth largest cryptocurrency by market capitalization.

US customers only affected by eToro

"We are particularly disappointed to take this step," said a representative of the platform. "EToro will continue to actively support the crypto ecosystem."

The news came as a surprise to the crypto community, especially after the Luxembourg crypto exchange BitStamp announced last week that it is now also supporting Cardano. Hoskinson downplayed the concerns.

"We weren't even struck off the list," tweeted the co-founder in response to a comment on the BitStamp listing. "ADA is still on eToro and non-US customers can trade freely."

eToro also announced that Sino-American entrepreneur Justin Sun's native token for TRON Foundation will also remove TRX from the list. The price of TRON has increased from $ 0.03 to $ 0.10 this year. It is currently the 30th largest cryptocurrency by market value.

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