eToro exchange announced to delist the native token of Cardano along with TRX coin.
Cardano (ADA) and TRX, both of these crypto-assets are popularly known for their ability of security and fast transactions. ADA is the third biggest crypto asset of the crypto industry. TRX is achieving success day by day with new development works with the other crypto projects to bring a revolution in this revolutionary space. But the latest action of the eToro exchange seems not a good sign for ADA and TRX coins.
Recently, the Global crypto exchange, eToro, announced that they will delist Cardano (ADA) and Tron (TRX) coins for the users of the United States because of the regulatory guidelines.
The exchange also urged all the US crypto users to close their positions on the ADA coin. And from 26 November, users will not be allowed to create new positions for these two crypto assets.
And Staking reward for these assets will be closed by the exchange after 31 December. And the last reward payout for these coins will take place on 15 January 2022.
On this, a popular YouTuber pointed out that why people are getting into fear because of eToro delisting. Because eToro is not a big crypto exchange which have a total of $67 billion volume a day.
On this, Charles Hoskinson, CEO, and founder of the Cardano project quoted the tweet of this YouTuber and wrote that they didn’t get delisted by them. ADA is still on the exchange and only US users are prohibited to use Cardano.
It is worth noting, eToro exchange didn’t elaborated precisely why they are getting regulatory issues and for which reason, while Cardano is the top third biggest crypto asset of the Market.