Social investing platform eToro will delist a selection of crypto token for its U.S. customers in a month's time in response to recent legal action by the U.S. Securities and Exchange Commission (SEC).
From July 12, U.S. customers will no longer be able to open new positions in the tokens of Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC), eToro announced on Monday.
However, customers will still be able to hold and sell existing positions in these tokens.
In taking this action, the platform is following Robinhood (HOOD), which delisted Cardano's ADA), Solana's SOL and MATIC last week.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.