eToro to limit Cardano and Tron trading in the U.S.
The cryptocurrencies’ prices have taken a hit
eToro has announced it is planning to limit users in the U.S. from opening new positions in Cardano (ADA) and Tron (TRX) starting later this year.
The Israeli exchange cited regulatory concerns were to blame for the two cryptocurrencies being delisted. From December 26th, US-based users will no longer be able to buy both ADA and TRX.
"The regulatory landscape for crypto is evolving rapidly," an eToro spokesperson told Markets Insider. "As a result, we will be limiting the ability for U.S. users to open new positions in, or earn staking rewards for, ADA and TRX."
However, U.S users will be able to still hold existing positions of ADA and TRX, which can be closed at any time. The exchange has reassured users that it has no plans to force them to sell their positions.
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