{"id":51943,"date":"2023-06-13T08:47:47","date_gmt":"2023-06-13T12:47:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=51943"},"modified":"2023-06-13T08:47:50","modified_gmt":"2023-06-13T12:47:50","slug":"etoro-limits-crypto-trading-for-u-s-customers-due-to-sec-lawsuits","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/etoro-limits-crypto-trading-for-u-s-customers-due-to-sec-lawsuits\/","title":{"rendered":"eToro Limits Crypto Trading for U.S. Customers Due to SEC Lawsuits"},"content":{"rendered":"\n

eToro trading platform announces that it will stop offering new positions in four crypto assets for U.S. customers following the SEC's legal actions against Coinbase and Binance.<\/p>\n\n\n\n

\"eToro<\/figure>\n\n\n\n

eToro, a leading social trading platform that offers access to various asset classes, including stocks, ETFs<\/a>, options,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> and cryptocurrencies, has decided to limit its crypto offerings for customers in the United States. <\/p>\n\n\n\n

The decision comes as a result of the SEC's<\/a> recent lawsuits against Coinbase and Binance, two of the largest crypto exchanges in the world.<\/p>\n\n\n\n

\n

From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC). Customers can continue to hold and sell existing positions in these coins. (2\/5)<\/p>— eToro US (@eToroUS) June 12, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The U.S. Customers to be affected by eToro's review<\/h3>\n\n\n\n

Starting from 6 am E.T.<\/strong> on July 12,<\/strong> eToro's U.S. customers will no longer be able to open new positions in Algorand (ALGO)<\/a><\/strong>, Decentraland (MANA),<\/a> Dash (DASH)<\/use><\/svg><\/span><\/a>, and Polygon (MATIC).<\/a> <\/strong><\/p>\n\n\n\n

However, they will still be able to hold and sell their existing positions in these coins.<\/p>\n\n\n\n

The SEC has alleged that the four cryptocurrencies are securities in its lawsuits against Coinbase and Binance. <\/p>\n\n\n\n

The SEC asserts that these platforms have violated securities laws by offering trading services for these tokens without proper registration or exemption.<\/p>\n\n\n\n

According to eToro,<\/a> the modifications are part of its ongoing review framework, which evaluates the crypto assets it provides in light of the rapidly evolving regulatory landscape. <\/p>\n\n\n\n

The platform says that it is committed to working closely with regulators worldwide to shape the crypto industry's future and promote investor access.<\/p>\n\n\n\n

eToro also says that it remains a supporter of crypto assets and emphasizes the importance of offering its users access to a diverse range of asset classes.<\/p>\n","protected":false},"excerpt":{"rendered":"

eToro trading platform announces that it will stop offering new positions in four crypto assets for U.S. customers following the SEC’s legal actions against Coinbase and Binance. eToro, a leading social trading platform that offers access to various asset classes, including stocks, ETFs, options, and cryptocurrencies, has decided to limit its crypto offerings for customers […]<\/p>\n","protected":false},"author":44,"featured_media":51946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[1972,916,3955,1559],"class_list":["post-51943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-cftc","tag-etoro","tag-securities-and-exchange-commission","tag-us"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/etoro.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=51943"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/51943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/51946"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=51943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=51943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=51943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}