Decentraland

United

Algorand

Dash

Polygon

<p class="is-style-lead">Israeli multi-asset investment platform eToro announced that its users in the United States will soon be unable to access Algorand (ALGO), Polygon (MATIC), Decentraland (MANA), and Dash (DASH), following a similar move made by Robinhood.&nbsp;</p>



<h2 class="wp-block-heading" id="etoro-limits-crypto-offerings-for-us-customers">eToro limits crypto offerings for US customers</h2>



<p>eToro, in a Twitter thread, said that the company is adjusting its crypto offering for customers in the US, which will see the company delist four tokens — ALGO, MATIC, MANA, and DASH — starting from July 12, 2023. </p>



<p>According to eToro, US customers can still hold and sell already open positions in these tokens, while stating that the new change will not affect non-US customers.&nbsp;</p>



<p>Although the platform does not mention the SEC lawsuit against crypto exchange giants Coinbase and Binance, eToro said it was carrying out the action &#8220;due to recent developments.&#8221; </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We are committed to working closely with regulators around the world to shape the future of the crypto industry and champion access for the ordinary investor. (4/5)</p>&mdash; eToro US (@eToroUS) <a href="https://twitter.com/eToroUS/status/1668323761584762882?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 12, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The four tokens mentioned in the eToro announcement were deemed securities by the SEC in the regulator&#8217;s recent lawsuits.&nbsp;</p>




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<p>Meanwhile, eToro&#8217;s action comes shortly after Robinhood made a similar move in June. As previously reported by <a href="https://crypto.news/robinhood-to-cut-support-for-cardano-polygon-and-solana/">crypto.news</a>, the trading platform announced the planned delisting of SOL, MATIC, and ADA from its platform, based on its &#8220;latest review.&#8221;</p>



<p>With the SEC&#8217;s recent enforcement approach towards crypto, more companies could tow the same line as eToro and Robinhood to avoid regulatory issues, which could further affect users based in the United States.&nbsp;</p>




    <p>
        Read more:

        <a href="https://crypto.news/binance-us-counters-secs-motion-to-freeze-funds-as-it-threatens-its-business/">
            Binance.US counters SEC’s motion to freeze funds as it threatens its business        </a>
    </p>

eToro to cease access to ALGO, MANA, DASH, and MATIC for US customers

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