By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
Gilts rally after Starmer says Reeves to remain chancellor for ‘a long time’
40 minutes ago
Videos
General Catalyst CEO: An AI driven power crisis lurks
8 hours ago
Videos
How AI-Generated Influencers Are Earning Millions
8 hours ago
News
OpenAI signs $30bn data centre deal with Oracle
9 hours ago
News
How Goldman Sachs won big in the Fed’s annual stress test
11 hours ago
News
On the streets with New York’s ‘rat tsar’
13 hours ago
News
Donald Trump presses Republican House dissidents to pass US tax bill
15 hours ago
News
Microsoft to cut 4 per cent of staff in new wave of lay-offs
16 hours ago
News
Donald Trump says US has struck trade deal with Vietnam
17 hours ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Crypto > eToro US Customers Will No Longer Be Able To Open New Positions in ALGO, MATIC, MANA and DASH
Crypto

eToro US Customers Will No Longer Be Able To Open New Positions in ALGO, MATIC, MANA and DASH

News Room
Last updated: 2023/06/12 at 7:10 PM
By News Room
Share
3 Min Read
SHARE

US customers using social investing platform eToro US will no longer be able to open new positions in Algorand, Decentraland, Dash and Polygon after those cryptocurrencies got caught in a US regulator’s crosshairs.

Beginning on July 12, customers will no longer be able to open those new positions, eToro US tweeted on Monday afternoon. 

“We remain a supporter of cryptoassets and believe in the importance of offering our users access to a diversified range of asset classes, which includes stocks, ETFs, and options,” the firm said. “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.”

This comes after the US Securities and Exchange Commission said Polygon (MATIC), Algorand (ALGO), Decentraland (MANA), and Dash were securities in multiple lawsuits it filed last week. 

The agency sued Binance last week for their “blatant disregard of the federal securities laws,” along with 13 charges, including operating an unregistered exchange.

Binance CEO Changpeng Zhao and Binance knew that they were operating the Binance.com platform in violation of various US laws, the SEC said. 

The SEC then sued Coinbase a day later and said the exchange was operating its platform and was not registered in the capacity of an exchange, broker or clearing agency. 

What about XRP?

eToro US was also asked by a Twitter user whether it would list XRP again it it is not a security.

The firm said it was “paying close attention.”

“We know this is on the minds of many in the eToro community and we’re always evaluating the regulatory environment for new developments. We can’t guarantee any specific outcome, but we’re paying close attention and will be sure to keep users informed of any changes!” the firm said. 

XRP is part of a lawsuit the SEC forged against Ripple in 2020. 

The SEC accused Ripple of raising $1.3 billion through the sale of XRP, while also suing CEO Brad Garlinghouse and co-founder Christian Larsen. 

A court decision on whether XRP is a security is expected soon. 



Read the full article here

News Room June 12, 2023 June 12, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Gilts rally after Starmer says Reeves to remain chancellor for ‘a long time’

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

General Catalyst CEO: An AI driven power crisis lurks

Watch full video on YouTube

How AI-Generated Influencers Are Earning Millions

Watch full video on YouTube

OpenAI signs $30bn data centre deal with Oracle

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

How Goldman Sachs won big in the Fed’s annual stress test

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?