eToro ‘s customers in the U.S. will not be able to trade Cardano ADA and Tron TRX next year

NewsDecember 22, 2021

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eToro ‘s customers in the U.S. will not be able to trade Cardano ADA and Tron TRX next year. While the CRO stated that Crypto.com is “getting better and better.”

eToro's customers in the U.S. will not be able to trade Cardano ADA and Tron TRX next year
eToro’s customers in the U.S. will not be able to trade Cardano ADA and Tron TRX next year

Crypto.com Coin (CRO) is a cryptocurrency issued by a broker which has the same name. This coin is against the general market trend and continues to increase in recent days. The coin has achieved the highest gain in the past week of more than 12% and is priced at US$0.9698. But at the moment, its price is only 0.55 USD. But even at this lower level, it still posted gains of more than 200% this month alone.

After eToro announced that U.S. users would not be able to trade ADA by the end of the year, the coin has resumed its downtrend. In a statement explaining the delisting of the TRON Foundation virtual currency, TRX, eToro said the company was disappointed to have to make this decision. Still, it was a necessary step for the direction of development. In addition, eToro did not explain more about this decision.

Other information about other virtual currencies

eToro's customers in the U.S. will not be able to trade Cardano ADA and Tron TRX next year
Trading usually slows down in December and during the Lunar New Year.

The same thing happened with Ripple. The coin has also undergone a regulatory review. The U.S. Securities and Exchange Commission filed a lawsuit against Ripple Labs – the world’s seventh-largest blockchain issuer, in December 2020. They allege that the company has offered several securities—unregistered value of more than 1.38 billion U.S. dollars. Since then, US-based crypto exchanges like Coinbase and Kraken have removed XRP from the list. However, the currency is still prevalent in Asia – especially Japan.

Bitstamp, a UK-based crypto broker, recently took the opposite approach to eToro. The broker has announced that it will start listing Cardano ADA. But customers in the U.S. and Singapore can’t start trading right away.

The price of ADA has been on a steady decline since hitting an all-time high of $3.10 in early September. Ahead of the much-anticipated Alonzo upgrade. Experts advise cryptocurrency traders not to despair. Because the trading volume in the market often decreases on essential holidays like Thanksgiving. Trading usually slows down in December and during the Lunar New Year.

Investiki.com

Read more: etoro

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