Logo
Cardano Ecosystem

Cryptonary

11/24/2021

·

660 views


Trading platform eToro delists ADA, TRX for U.S. users

eToro announced in a blog post that it will delist Cardano and TRON for users from the United States. US users will be able to hold their existing positions As of Dec. 26, U.S. users will no longer be...

Trading platform eToro delists ADA, TRX for U.S. users

eToro announced in a blog post that it will delist Cardano and TRON for users from the United States.

US users will be able to hold their existing positions

As of Dec. 26, U.S. users will no longer be able to open new ADA or TRX positions, and as of Dec. 31, staking will no longer be available for these assets. eToro justified its decision citing “business-related considerations in the evolving regulatory environment.” Staking awards earned by U.S. users will end after January 15, 2022, with final awards paid in USD

US users can hold existing positions of ADA and TRX, and these positions can be closed at any time with the assurance that they will be paid out in USD. Users will not be forced to sell their positions at this time, and eToro said it has no plans to force sales. All holdings resulting from the “Smart Portfolio,” an automated portfolio of the trading platform, are converted into open positions in the personal portfolio so that the user can decide for themselves whether to hold or sell them.

Users can move their holdings to Etoro’s crypto wallet in 2022

The company said it plans to make its crypto wallet eToro Money, due to launch in 2022, compatible with assets so users can move their holdings there. It also states that the restriction on sales will come no earlier than 30 days after it offers support for redeeming ADA and TRX into the wallet. The wallet will still support the assets even after U.S. users can no longer sell their holdings for USD. The trading platform will also limit the selling holdings in Q1 of 2022.

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on Cryptonary

ORIGINAL SOURCE

https://www.cryptonary.com/trading-platf...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Cryptonary

See more
CoinSwitch Kuber welcomes India’s first rupee-based crypto index
Cryptonary
CoinSwitch Kuber welcomes India’s first rupee-based crypto index

06/03/2022

·

2.6K views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)