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[LutherKing]

Trading company etoro has sucummed to the pressure exerted on it

It has announced the delisting for the coins ada and trx

The reported things says that the external pressure has acted that nle users have time time 31st DEC to close initial positions

They can't open new positions from now on

Share your thoughts ...

 

[microunit]

Well probably they can't really risk their whole company just for 2 coins, Though I'm curious as to what are the issues with these 2 coins? I have not really heard any regulatory issues with these 2 coins. or probably it is an isolated case with etoro perhaps? Etoro is one of the big exchanges out there and this delisting might affect the value of these coins

 

[Niftyicon]

Both coins seem to have the smart contract use in common and I wonder if that could be the reason for the unfavourable regulations that warranted a delisting by Etoro. This is no good development for these two projects and I hope other top exchanges don't decide on similar actions.

 

[Ononivami1]

The thread creator didn't explain in details the sanction and the countries affected. I said this because ADA and TRX is still traded in exchanges like the Binance. I guess the regulatory pressures would be coming from a particular country where Etoro pitched it tent. However, Regulatory pressures is expected when the coin develops and it's part of the developmental stages.

 

[crypworld]

There may be a dip with the delisting of ADA and TRX on etoro.


But it shouldn't be for long because both Cardano ADA and Tron TRX are two much sought after crypto coins.


They are listed on major cryptocurrency exchanges in the world. So it shouldn't have a great impact for long.


China is an example. Though crypto is banned completely in the country and there was a dip in bitcoin value, the market picked up gradually.

 

[Ononivami1]

The regulatory pressures is the major reasons for the delisting of some of the coins from an exchange. The is an important action inorder to save the exchange from facing unnecessary sanctions. This would affect the business a great deal if the government could hold the exchange for indulging in such act.

 

[aelbaz]

About Tron : Tron (TRX) is top 25 marketcap on coinmarketcap + all cryptos on Tron chain (his whole ecosystem + low fees + rapidity), for me this decision from Etoro is incomprehensible.

Does the regulator differentiate between serious cryptos (with real project and ecosystem) and others ?

 

[Niftyicon]

I guess the regulatory bodies must have spelt it out to the exchange before such a decision was made, so, it should be the responsibility of etoro to pass the message across comprehensively to their huge user base. ADA had great hype in the past year and Trx still remains useful even with its low price, so, I can't help but wonder what the problem was that warranted their delisting.

 

[Wisdom01]

I wonder what could have led to the pressure of delisting the coin , because they are high potential coins and they are not having any issue with sec or are they privacy coins ,they should have attached some valid reason on their action as holders might move to another wallet platform do they could continue to hold the coin the way they actually want

 

[Japhnet]

Well they dropped the coins for the sake of the company's going concern. They cant jeopardize the image of their company over the pressure surrounding the teo coins.

 

[magnus2022]

eToro is a world class site with thousands of users daily. I believe that eToro don't want to tangle themselves and lose billions because of silly mistakes by all these cryptocurrency networks. They should go and put their house in order.

 

[Riberet19]

eToro is a world class site with thousands of users daily. I believe that eToro don't want to tangle themselves and lose billions because of silly mistakes by all these cryptocurrency networks. They should go and put their house in order.

I am a user of eToro and this I think will be due to the little interest of users in these cryptocurrencies since it thinks that it is a company of traditional financial markets and many of the investors that are on the platform do not know beyond bitcoin and ethereum so they are the ones that will stay there because they will be the ones that users will use

 

[Riberet19]

It's understandable that many users on eToro may not be well-versed in the world of cryptocurrencies beyond Bitcoin and Ethereum.it's always a good idea to educate oneself and stay informed about the market to make informed investment decisions.

Etoro mostly operates in the traditional stock market, that is why only those cryptocurrencies are there, I think there are Bitcoin, ethereum and cardano, those investors there are mostly conservative and it would not even occur to them to invest, for example, in shiba inu with all my respects to this coin, but his risk tolerance for sure is much lower than cryptocurrency lovers.

 

[Wisdom01]

I am a user of eToro and this I think will be due to the little interest of users in these cryptocurrencies since it thinks that it is a company of traditional financial markets and many of the investors that are on the platform do not know beyond bitcoin and ethereum so they are the ones that will stay there because they will be the ones that users will use

I think exchange platform are always concerned about what they are gaining too , and if they see that they would actually not be gaining more they would actually not even be needing some coin and would probably delist them

 

[Riberet19]

I think exchange platform are always concerned about what they are gaining too , and if they see that they would actually not be gaining more they would actually not even be needing some coin and would probably delist them

Yes, of course, if the exchange is not earning from the purchases or trading of said assets, it will undoubtedly delist it, but as we say, eToro is really a traditional markets broker and its investors are, they are surely only attracted to BTC and ETH because they have a higher capitalization and it gives you a little more security because they see them as more stable than other cryptos, let's remember that most eToro investors will surely be very conservative investors.

 

[Margery]

Regulatory pressure may be one of the reasons for delisting coins from exchanges. This may be due to the fact that the regulator considers this coin not safe enough to use, so the exchange cannot provide access to trading.