In response to recent legal actions by the U.S. Securities and Exchange Commission (SEC), social investing platform eToro has announced that it will remove a selection of cryptocurrencies for its U.S. customers.
Starting from July 12, U.S. clients will not be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). However, they will still be able to hold and sell their existing positions in these tokens.
eToro’s decision to delist these cryptocurrencies is attributed to “recent developments,” referring to the SEC’s legal actions against crypto exchanges Coinbase and Binance, and the regulator’s classification of certain cryptocurrencies as securities.
This move by eToro mirrors a similar action taken by Robinhood, which delisted Cardano’s ADA, Solana’s SOL, and MATIC last week.
