Social investing platform eToro to end U.S. users' access to four cryptos

Social investing platform eToro said U.S. customers will no longer be able to purchase cryptocurrencies algorand ( ALGO-USD ), decentraland ( MANA-USD ), dash ( DASH-USD ) and polygon ( MATIC-USD ) starting July 12, according to a series of Twitter posts sent out earlier this week. Customers will still be able to hold and sell existing positions in those digital tokens. The Israeli company, which operates in over 100 markets globally, cited "recent developments" when announcing the delisting , likely referring to Securities and Exchange Commission's increased scrutiny of the crypto space. eToro followed in the footsteps of Robinhood Markets ( HOOD ), which is set to end trading support for cardano ( ADA-USD ), solana ( SOL-USD ) and polygon ( MATIC-USD ) toward the end of this month. The SEC deems those cryptos as securities rather than currencies, subjecting the brokerages who offer them to tougher rules. More on eToro Brokerages look on as Twitter inks trading partnership with eToro Social investing network eToro dives into options trading after Gatsby deal Online crypto brokerage eToro confirms terminating deal to go public through a SPAC