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EToro to Limit Cardano and Tron for US Customers, Coin Prices Fall
The prices of the cryptocurrencies’ tokens have taken a hit following the announcement.
Updated May 11, 2023, 5:05 p.m. Published Nov 24, 2021, 1:40 p.m.
Trading platform eToro will be limiting crypto assets and for U.S. customers starting in December due to “business-related considerations in the evolving regulatory environment,” according to a statement on its website.
- The statement, published Tuesday, said that users in the U.S. will “no longer be able to open new positions in, or receive staking rewards for,” ADA and TRX.
- Restrictions on opening new positions in ADA and TRX will take effect on Dec. 26, while staking for these assets will end on Dec. 31, the statement said.
- The final staking rewards payout for both assets will take place on Jan. 15, 2022.
- According to eToro’s announcement, users will still be able to “securely hold existing positions” for the two cryptocurrencies, as the limitations only apply to new positions.
- Users can sell their ADA or TRX in exchange for U.S. dollars anytime, and eToro is working on a way to make it possible for users to move these two assets to their eToro crypto wallets, the statement said.
- Since the announcement was published, at one point, ADA prices dropped by more than 6%. At press time, TRX was down 2.4%.
- Taking to Twitter on Tuesday, Cardano founder Charles Hoskinson said eToro’s decision was due to a “systemic lack of clarity” in global crypto regulations.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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