eToro Suspends Trading for Four Altcoins Amid SEC’s Security Classification Chaos

Renowned trading platform eToro has shocked altcoin investors by deciding to suspend transactions for four major altcoins amid turmoil sparked by the reclassification of numerous altcoins as securities by the US Securities and Exchange Commission (SEC), following lawsuits against Binance and Coinbase. eToro Halts Trading on Four Major Altcoins eToro announced within a month, following the SEC’s legal action against the world’s two largest exchanges, Binance and Coinbase, and dozens of altcoins, that transactions will be suspended for four altcoins for its US customers. In its statement on June 12th, eToro noted that from July 12th, US customers will not be able to open new positions in Algorand (ALGO), Decentraland (MANA), Dash (DASH), and Polygon (MATIC). While existing positions in these altcoins can still be maintained by the exchange’s customers, they can sell whenever they want. SEC’s Security Classification Behind the Delisting Decision eToro cited as reason for the delisting […] The post eToro Suspends Trading for Four Altcoins Amid SEC’s Security Classification Chaos appeared first on COINTURK NEWS.