Cardano’s ADA Plummets 9% amid eToro’s US Delisting Decision

cardanos ada plummets 9 amid etoros us delisting decision

Sumary of Cardano’s ADA Plummets 9% amid eToro’s US Delisting Decision:

  • The price of Cardano’s ADA token dropped significantly by almost 9 percent on late Wednesday after the Israeli broker, eToro announced its decision to delist the cryptocurrency for US customers.
  • Despite the recent correction ADA rallied 800 percent in 2021 and now has a market cap of more than $55.3 billion.
  • A Regulatory Framework Is Much NeededeToro, in its decision on Tuesday, said that it will limit Cardano’s ADA and Tron for US users, citing regulatory woes in the country.
  • “These US users will no longer be able to open new positions in, or receive staking rewards for, Cardano (ADA) and TRON (TRX),” eToro stated.
  • In response to the trading platform’s decision, Cardano Founder Charles Hoskinson posted a video on Twitter, blaming the lack of a ‘global regulatory standard’ for cryptocurrencies.
  • “This is just the nature of the game… and the only way we’re going to solve this as an industry is through regulatory clarity,” Hoskinson added.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close