eToroX Reviews for April 2024

eToro to delist Cardano by 2022 for US users due to regulatory concerns. The move surprised some users as ADA has not been typically on regulators' radars as of late. In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able to open new positions in the tokens nor stake ADA and TRX. In addition, wallets will be effectively in withdraw-only mode until the first quarter of 2022, when selling will also become limited. In making the decision, eToro cited regulatory concerns surrounding both assets. The move came as a surprise to some as ADA has not been traditionally associated with regulatory troubles. In context, tokens like Ripple (XRP), whose creators are currently engaged in an ongoing lawsuit with the Securities and Exchange Commission, or SEC, as well as Monero, which is a privacy coin that some fear is easily abused for illicit purposes, are facing the brunt of regulatory scrutiny in the cryptocurrency industry.

The Margin Impact Parameter (MIP) on eToroX is a value that applies to all assets. The value determines the extent to which the balance in a given asset will be evaluated as part of the portfolio balance for clients with a credit line. The MIP protects clients using the credit line against market risks associated with less frequently traded cryptoassets or those which have a smaller market cap than the more established asset classes.