Starting December 26, all the US-based customers of multi-asset trading platform eToro will no longer be able to open new positions on Cardano (ADA) and Tron (TRON) – which are all native and utility tokens of leading blockchain networks. The company made this known to the public in a blog post today, saying the changes were a result of “business-related considerations in the evolving regulatory environment.”

eToro to Delist ADA and TRX

In addition to that, eToro also intends to wind down staking for those cryptocurrencies after December 31. All the accrued rewards will be distributed in fiat currency (USD) on or before January 15. Meanwhile, customers with existing positions can choose to either liquidate or continue holding their ADA and TRX positions.

“We are only limiting users from opening new positions. We are not forcing users to sell any existing positions,” the company wrote. Alternatively, eToro further mentioned that they are working on launching the “eToro Money crypto wallet” in the coming year. This wallet will be made available to US customers, and it will be designed to support Cardano and Tron alongside other digital currencies. 

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ADA and TRX Market Update

At the time of writing, the Cardano token was trading at $1.77 on CoinMarketCap, while TRX was trading at $0.1028. Both coins have seen lots of price fluctuation since the past 24 hours, given the bearish state of the market, which has also tied up Bitcoin and other major altcoins from maintaining the uptrend.

TRX currently records a 1.45 percent increase on the 24 hours timeframe, but a 6.29 percent drop over the last seven days. ADA was down by 0.11 percent (24hrs) and also 6.56 percent down in the seven-day timeframe. Although the record today across the crypto market is not quite exciting, it’s better than the previous day, wherein the total crypto market cap dropped by more than five percent.