Tag: Etoro

Cardano and Tron Will Soon Be Removed From eToro

by Cryptobriefing

Key Takeaways

  • Trading platform eToro has announced that it will delist Cardano (ADA) and Tron (TRX) for American users.

  • The company did not explain why those assets were targeted or which regulations influenced its decision.

  • The new policy will take effect in late December.




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Trading app eToro has announced that it will remove Cardano (ADA) and Tron (TRX) from its listings before the end of the year.

Policy Will Hit eToro Users in December

The new policy means that eToro users will not be able to open positions in those cryptocurrencies beginning on Dec. 26.

Additionally, users will not be able to receive staking rewards for the two cryptocurrencies beginning on Dec. 31.

These restrictions will only apply to users in the United States, according to the policy update posted by eToro on Tuesday.



The company cited “business-related considerations in the evolving regulatory environment” as the reason for the delistings, but did not say which regulations influenced its decision.

Neither TRX nor ADA has been targeted by regulatory action. It is possible that new reporting requirements for crypto brokerages in the U.S. have played a part in eToro’s decision, but this does not explain why TRX and ADA were specifically targeted.

Crypto Market Is Largely Unaffected

Though early reports suggested that each token had seen losses, both had recovered by the time of writing. As of 3:30 PST on Nov. 25, Both ADA and TRX saw gains of roughly 0.5% over 24 hours.

Given that Cardano ranks among the top six tokens, it seems unlikely that other exchanges will follow eToro’s lead and delist it. TRX ranks somewhat lower as the 32nd largest cryptocurrency, but it does not seem to be a target for delistings, either.


In fact, both coins have recently gained new listings elsewhere. Cardano’s ADA token was listed on Bitstamp on Wednesday, while Tron saw a TRX ETN listed on Deutsche Börse in September.

Furthermore, eToro is primarily a stock trading app with crypto features, meaning that its regulatory concerns may not reflect those of dedicated crypto exchanges.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.



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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Cardano and Tron Will Soon Be Removed From eToro

by Cryptobriefing

Key Takeaways

  • Trading platform eToro has announced that it will delist Cardano (ADA) and Tron (TRX) for American users.

  • The company did not explain why those assets were targeted or which regulations influenced its decision.

  • The new policy will take effect in late December.




Share this article


Trading app eToro has announced that it will remove Cardano (ADA) and Tron (TRX) from its listings before the end of the year.

Policy Will Hit eToro Users in December

The new policy means that eToro users will not be able to open positions in those cryptocurrencies beginning on Dec. 26.

Additionally, users will not be able to receive staking rewards for the two cryptocurrencies beginning on Dec. 31.

These restrictions will only apply to users in the United States, according to the policy update posted by eToro on Tuesday.



The company cited “business-related considerations in the evolving regulatory environment” as the reason for the delistings, but did not say which regulations influenced its decision.

Neither TRX nor ADA has been targeted by regulatory action. It is possible that new reporting requirements for crypto brokerages in the U.S. have played a part in eToro’s decision, but this does not explain why TRX and ADA were specifically targeted.

Crypto Market Is Largely Unaffected

Though early reports suggested that each token had seen losses, both had recovered by the time of writing. As of 3:30 PST on Nov. 25, Both ADA and TRX saw gains of roughly 0.5% over 24 hours.

Given that Cardano ranks among the top six tokens, it seems unlikely that other exchanges will follow eToro’s lead and delist it. TRX ranks somewhat lower as the 32nd largest cryptocurrency, but it does not seem to be a target for delistings, either.


In fact, both coins have recently gained new listings elsewhere. Cardano’s ADA token was listed on Bitstamp on Wednesday, while Tron saw a TRX ETN listed on Deutsche Börse in September.

Furthermore, eToro is primarily a stock trading app with crypto features, meaning that its regulatory concerns may not reflect those of dedicated crypto exchanges.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.



Share this article


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



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Cardano Founder Addresses Liquidity Concerns Over eToro Delisting

by NEWSBTC

Panic had washed over the Cardano community after news broke that midsize exchange eToro would be delisting the token, alongside Tron. The announcement came as a surprise and users milled onto social media to try to get explanations after receiving the email alerts. eToro had not given much of an explanation besides regulatory concerns which did not do much to quell the panic.

Many had worried that the delisting was a result of low liquidity. Given this, there had been the need for some clarification. Cardano founder Charles Hoskinson took to Twitter to address these concerns, assuring investors that liquidity had nothing to do with the delisting and soothing nerves.

Related Reading | eToro Announces Cardano (ADA) And Tron (TRX) Delisting, Points To Regulatory Concerns

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Hoskinson Addresses Community

Hoskinson started out by explaining that he actually had no idea about the delisting because IOG, the developer arm which is mostly involved with, did not handle listings. In the 13-minute video posted to Twitter, he clarified that there were actually no liquidity problems with Cardano, which was not a factor in the delisting.

Turning to the regulatory concerns, the Cardano founder addressed the current global regulatory climate around crypto and pointed out that the consequences of this were “a systemic lack of clarity. Since there are no global regulatory standards, then usually, it is up to countries, states, and even organizations on how they handle matters concerning cryptocurrencies.

Cardano price chart from TradingView.com

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ADA price drops to three-month low | Source: ADAUSD on TradingView.com

Japan, for one, possesses some of the strictest cryptocurrency laws and regulations when it comes to crypto. However, ADA had been successfully trading in the region for months now without a problem. Also as more exchanges in the region had picked up the digital asset, liquidity had gone up. There is also adequate liquidity in the U.S., the founder says, which points to it not being a problem.

“The best you can do in these things is navigate this on a case by case basis, on an exchange by exchange basis.”

Good News For Cardano

After the news of the eToro delisting had hit the market, the price of ADA had immediately suffered the harmful impacts that an announcement like this could have. Cardano which had been suffering greatly in the market had dropped to a three-month low when it hit $1.67.

In his video, Hoskinson had pointed out that although the digital asset was being delisted from eToro, it was being listed on another exchange. Bitstamp had announced that it was listing the digital asset, a considerably larger exchange by volumed compared to eToro.

Related Reading | Cardano Increases Block Size By 12.5%, What This Means

There is no telling what effect a listing like this might have on the asset going forward. However, it comes at a time where the community is looking for a light at the end of the tunnel of bad news.

As for eToro, Hoskinson revealed that the Cardano team had no idea of the delisting. “On our side, we had no indication of this from eToro and it’s rather unfortunate that nothing was sent our way,” said the founder. “We at least could have better understood their reasons,” he added.

Featured image from CryptoSlate, chart from TradingView.com

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eToro to Delist ADA and TRX for US Customers Citing Regulatory Concerns

by CryptoPotato

Popular Israeli social trading and multi-asset brokerage platform eToro, has recently announced that it will be delisting Cardano (ADA) and Tron (TRX) for users in the United States.

eToro to Delist ADA and TRX on Dec 26

According to an official blog post published on Wednesday by the firm, the new development will take effect starting on Dec. 26. The company cited “business-related considerations in the evolving regulatory environment” as part of its reasoning.

eToro noted that it will gradually withdraw ADA and TRX functionalities from its US-based customers. By Dec. 26, users in the country will no longer be able to open new positions with the two tokens on the platform.

Staking for both crypto assets will be stopped by Dec. 31, and after Jan. 15, 2022, the final staking rewards will be paid to US users in USD.

Not Forcing Users To Sell

US users will still be able to hold any existing ADA and TRX positions securely. They can choose to close those positions whenever they wish and exchange for USD on the eToro platform, as the broker admitted that it will not be forcing anyone to sell their ADA or TRX holdings.

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Additionally, any ADA and TRX holdings in eToro’s Smart Portfolio feature will automatically be converted to open positions in a user’s portfolio, which the user can either decide to continue holding or sell off.

The trading platform pointed out that it will limit the selling of ADA and TRX holdings in the first quarter of 2022. It intends to make the eToro Money crypto wallet compatible with both assets to enable US users to transfer their holdings there.

However, the firm noted that it will not limit sales for at least 30 days after it offers users support for redeeming their ADA and TRX to the eToro Money crypto wallet.

Cardano’s Founder Responds

Shortly after eToro’s announcement, Cardano’s founder, Charles Hoskinson, commented on the matter, disclosing that his team was not informed about any regulatory issues.

“On our side, we had no indication of this from eToro and it’s rather unfortunate that nothing was sent our way. We at least could have better understood their reasons.”

He added that the latest development, however, does not in any way affect ADA’s liquidity and admitted that every exchange has its regulatory thresholds.

“It has no meaningful impact on the liquidity of ADA, billions of dollars turn around every day… it was a relatively small trading market but that is just the nature of the game, liquidity comes and goes… and of course everybody has different regulatory thresholds.”

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

by Cointelegraph

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, which is a privacy coin that some fear is easily abused for illicit purposes, are facing the brunt of regulatory scrutiny in the cryptocurrency industry.

ADA experienced a rapid price rise this year, and currently ranks among the top 10 cryptocurrencies by market capitalization. During the prior quarter, Charles Hoskinson, Cardano’s founder, announced a partnership with blockchain analytics provider Confirm to comply with regulatory frameworks, such as anti-money laundering directives. The move was panned by some ADA supporters, who wanted the project to take on a more decentralized nature.

Firms operating in the blockchain industry often receive intense pressure from regulators when it comes to delisting coins or pulling the plug on certain services. In Sept., Coinbase abandoned its crypto lending platform plans after the SEC threatened to sue the company. For now, however, the rise of decentralized exchanges and decentralized finance protocols have provided popular alternatives for those looking to legally bypass such crackdowns.