eToro Stops Trading of Almost of its Crypto Assets
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EToro, a popular stock trading platform, has reached a settlement with the United States Securities and Exchange Commission that will result in the company ceasing trading for most crypto assets.
The SEC charged eToro with operating an unregistered brokerage and clearing agency in relation to its crypto trading platform.
As part of the settlement, eToro has agreed to pay $1.5 million and will only offer a limited number of crypto assets for trading in the US.
This decision is in line with the company’s commitment to cease violating federal securities laws. US customers will only have access to Bitcoin, Bitcoin Cash, and Ether tokens, and will have a 180 day period to sell any other crypto assets they hold starting on September 12.
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