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eToro to delist Cardano and Tron for U.S. customer over regulatory concerns





 eToro the social trading and multi-asset brokerage exchange has announced the delisting of Cardano (ADA) and Tron (TRX) trading for United States customers.

This was stated in a blog post that the halting would take effect  from December 26, 2021, while the staking of the tokens would end on December 31, 2021.

According to eToro, the decision is solely due to business-related reasons, citing the evolving crypto regulatory environment.

Still, U.S. users will be able to hold existing positions of ADA and TRX and those positions can be closed at any time with the assurance that they will pay out in USD. Users won't be forced to sell their positoins at this time, and eToro said it has no plans to force selling. because staking reward payouts for U.S. users will end after Jan. 15 2022, with the final rewards paid in USD.

Any holdings as a resuldt of the exchange's "Smart Portfolio," an automated portfolio, will be converted to open positions in the personal portfolio so the user can personally decide whether to hold or sell.

However, eToro will limit the selling of holdings in Q1 of 2022, according to its blog post. It plans to make its eToro Money crypto wallet, rolling out in 2022, compatible with the assets so that users can move their holdings there.

The blog post said the liming of sales won't happen for at least 30 days after offering support for redeeming ADA and TRX to the wallet. The wallet will continue to support the assets even after U.S. users can no longer sell their holding for USD.



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