SEC Jolts eToro Into Ditching Coins: What It Means For ALGO, MANA, DASH And MATIC
Portfolio Pulse from Murtuza Merchant
eToro will delist cryptocurrency tokens ALGO, MANA, DASH, and MATIC for its U.S. customers due to recent legal action by the SEC and the evolving regulatory landscape. Existing customers can still sell these tokens. eToro remains supportive of crypto assets and will continue to collaborate with regulators globally.
June 13, 2023 | 4:37 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
eToro's decision to delist certain tokens highlights the increasing regulatory scrutiny faced by U.S. cryptocurrency exchanges, including Coinbase.
eToro's decision to delist tokens is a result of the SEC's legal actions against cryptocurrency exchanges. This increased regulatory scrutiny could negatively impact Coinbase's operations and potentially lead to similar actions, affecting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50