Cardano and Tron Fall as eToro Restricts Access for US Users
The Israel-based trading platform eToro announced on Tuesday that it will restrict access to the two cryptocurrencies cardano (ADA) and tron (TRX) for users in the United States. The price of both tokens fell sharply in the market following the news.
“US users will not be able to open new ADA or TRX positions starting on December 26, 2021. Additionally, staking for those assets will end on December 31, 2021,” eToro said in its announcement.
US users who hold positions in ADA or TRX can still continue to hold on to their positions, or to sell the assets on the platform for USD, eToro said, while emphasizing that it is only the opening of new positions that will be restricted for now.
However, the announcement further said that selling will also
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