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eToro Exchange Withdraws Support For Cardano and TRON Offerings For US Customers

Crypto exchange eToro in a recent statement, states cutting off support for Cardano (ADA) and TRON (TRX). Thereby, discontinuing staking for its U.S. customers.

Notably, from Dec 26, 2021, U.S. users on the eToro platform will not be able to open new positions on ADA or TRX. Also, staking for both assets will stop by Dec 31, 2021.

Furthermore, eToro Users will still be able to close their positions whenever they want before a 2022 deadline. More so, they can receive USD when they sell ADA and TRX.

Additionally, The final staking reward payout goes to users on Jan 15, 2022.
Furthermore, eToro wants to make it possible in early 2022 for users to move their ADA and TRX to the eToro Money Wallet.

However, Hoskinson confirms that eToro’s effect on ADA is nothing
Furthermore, Cardano co-founder Charles Hoskinson trivializes eToro’s actions, saying investors should remain calm.
Then, He goes on Twitter to say that eToro’s announcement is not of significant concern. This is because ADA isn’t being delisted, also maintained that ADA has no liquidity problems. Additionally, he expresses disappointment that the exchange didn’t give the team a heads-up.

Lastly, the same day, another major exchange Bitstamp, larger than eToro by trading volume, lists ADA for its U.S. customers.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.