{"id":80107,"date":"2023-06-13T10:02:05","date_gmt":"2023-06-13T07:02:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80107"},"modified":"2025-09-11T14:50:21","modified_gmt":"2025-09-11T11:50:21","slug":"etoro-bars-us-clients-from-trading-algo-mana-matic-and-dash","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/etoro-bars-us-clients-from-trading-algo-mana-matic-and-dash\/","title":{"rendered":"eToro bars US clients from trading ALGO, MANA, MATIC and DASH"},"content":{"rendered":"<p>A crypto-friendly investment company eToro has halted buying and selling Algorand (ALGO), Decentraland (MANA), <a href=\"https:\/\/forklog.com\/en\/news\/what-is-polygon-matic\">Polygon<\/a> (MATIC) and Dash (DASH) for US clients, as the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> has equated them to securities.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">From 6:00AM ET on Wednesday July 12th, 2023, US customers will no longer be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH) and Polygon (MATIC). Customers can continue to hold and sell existing positions in these coins. (2\/5)<\/p>\n<p>\u2014 eToro US (@eToroUS) <a href=\"https:\/\/twitter.com\/eToroUS\/status\/1668323758199955456?ref_src=twsrc%5Etfw\">June 12, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Representatives of the US arm said they had revised the lists of available cryptocurrencies \u201cin light of a rapidly changing regulatory landscape\u201d.<\/p>\n<p>Assets were removed from the listing on June 12, but users can still hold and sell the remaining coins.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe remain proponents of cryptocurrencies and believe in the importance of giving our users access to a diversified range of assets, including equities, <span data-descr=\"exchange-traded fund\" class=\"old_tooltip\">ETF<\/span> and options. We strive to work closely with regulators around the world to shape the future of the crypto industry and provide access to it for retail investors\u00bb, the company said.<\/p>\n<\/blockquote>\n<p>Some users noted that eToro had not delisted the native Solana token, which the SEC also labeled a security. Later company representatives explained that SOL is not part of the US division&#8217;s offering.<\/p>\n<p>On June 5, the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-binance-and-changpeng-zhao\">filed suit<\/a> against Binance and CEO Changpeng Zhao. The regulator brought 13 charges, including the sale of unregistered securities. Later the Commission <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-coinbase-exchange\">filed a similar lawsuit against Coinbase<\/a>.<\/p>\n<p>As a reminder, due to ongoing litigation, the online broker Robinhood <a href=\"https:\/\/forklog.com\/en\/news\/robinhood-to-discontinue-support-for-cardano-polygon-and-solana\">will discontinue<\/a> support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) from June 27.<\/p>\n<p>Representatives of Polygon and Solana <a href=\"https:\/\/forklog.com\/en\/news\/solana-and-polygon-criticise-secs-token-classification\">criticised<\/a> the SEC&#8217;s approach to classifying the tokens on their platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>eToro, a crypto-friendly investment company, has halted buying and selling Algorand (ALGO), Decentraland (MANA), Polygon (MATIC) and Dash (DASH) for US clients, as the SEC equated them to securities.<\/p>\n","protected":false},"author":1,"featured_media":80108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"eToro halts US trading of ALGO, MANA, MATIC and DASH.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[826,36,128],"class_list":["post-80107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etoro","tag-regulation","tag-sec"],"aioseo_notices":[],"amp_enabled":true,"views":"168","promo_type":"1","layout_type":"1","short_excerpt":"eToro halts US trading of ALGO, MANA, MATIC and DASH.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=80107"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80107\/revisions"}],"predecessor-version":[{"id":80109,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80107\/revisions\/80109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/80108"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=80107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=80107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=80107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}