eToro, a popular online trading platform, has agreed to stop violating federal securities laws and will now only offer a limited selection of crypto assets for trading. The company made this decision in response to regulatory pressure and will be restricting trading options for approximately 3% of its customers’ cryptocurrencies by dollar value.
This move comes as eToro faces increasing scrutiny from regulators around the world. By limiting the number of cryptocurrencies available for trading, the company hopes to demonstrate its commitment to compliance and responsible trading practices.
Customers who use eToro for crypto trading should be aware of these changes and adjust their investment strategies accordingly. While this may seem like a setback for some users, it is ultimately a positive step towards ensuring the long-term viability of eToro as a trading platform.
