eToro makes changes to cryptocurrency offering for US customers due to regulatory updates

Social trading platform, eToro, has announced changes to its cryptocurrency offering for its US customers in response to the evolving regulatory landscape. The company has implemented a framework to review crypto assets regularly to align with regulatory requirements, and as a result, US customers will not be able to open new positions in cryptocurrencies such as ALGO, DASH, MANA and MATIC. Existing positions in these coins can still be held and sold by customers, and eToro aims to offer a secure and transparent trading environment for its US customers.

eToro supports regulatory compliance and diverse investment options

eToro has shown its commitment to working with regulators worldwide to promote crypto accessibility and cater to a wide range of users by offering diverse investment options such as traditional asset classes stocks and ETFs. The platform acknowledges the importance of regulatory compliance in fostering trust and confidence in the market and encourages the affected US customers to reach out to their customer service team for further clarification or questions.

Regarding the possible relisting of XRP, eToro closely monitors regulatory updates and will keep users informed of any changes related to XRP or other cryptocurrencies.

eToro’s announcement of changes to cryptocurrency offering for its US customers demonstrates its commitment to regulatory compliance and providing secure and inclusive trading experiences for its users.

Featured image from iStock, chart from TradingView.com