Financial trading platform eToro said Monday that U.S. customers can no longer purchase Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC), starting next month—as the Securities and Exchange Commission’s regulatory double-tap echoes throughout the financial services industry.

Among 24 tokens listed on eToro’s U.S.-facing crypto platform, the tokens to be dropped were labeled as securities by America’s financial watchdog in market-rattling lawsuits against top crypto exchanges Coinbase and Binance.

“US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC),” an eToro spokesperson told Decrypt. “Customers can continue to hold and sell existing positions in these coins.”

The changes will take effect on July 12, eToro said—giving U.S. customers a month-long window to continue trading the tokens in question. The spokesperson did not explicitly mention the SEC’s latest lawsuits, but they drew attention to recent regulatory revelations.

“eToro has a framework in place which reviews the crypto assets we offer in light of the rapidly evolving regulatory landscape,” the spokesperson said. “Due to recent developments, we will be making some changes to our crypto offering for U.S. customers.” 

Operating in more than 100 markets internationally, the Israeli firm underscored that only U.S. customers would be impacted. And eToro reiterated its overall

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Author: André Beganski

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