It's a smaller competitor to the ethereum network, thanks to its capability of hosting smart contracts and other applications that are key to decentralized finance.Ĭardano's ada has been listed by some of the biggest exchanges. It's fallen short of the 14,000% gain in rival solana's sol token this year, but has roundly beaten bitcoin's 102% rally. It's gained around 850% so far this year, which has made it the world's sixth largest digital token by market value, according to Coinmarketcap. The decision knocked almost 4.8% off the value of the ada token and sent it to three-month lows, while trx fell 5% to a one-month low on Wednesday,īut ada has still been one of the top-performing cryptocurrencies of 2021. "On our side, we had no indication of this from eToro and it's rather unfortunate that nothing was sent our way," he said. "There's currently nothing we've received, no regulatory event, no subpoena, nothing from any regulatory agency, no threats of lawsuits, none of these things, that's why we're so blindsided by it, because actually, the trend has been over the last six months a significant increase of liquidity on cardano," Hoskinson said. Hoskinson, who founded cardano in 2015, said that he still needed further clarification on the trading platform's decision to delist ada for US customers. Many critics have argued that the regulatory landscape in the US for crypto is not clear yet but officials do believe that regulation is necessary and more policies are set to be put in place by 2022. The exchange told Insider the rapidly shifting regulatory landscape was behind its decision to limit the ability of US customers to open new positions in the two digital currencies. eToro first added ada to its crypto offering in 2018. Ĭardano founder Charles Hoskinson told followers this week on Twitter that eToro's decision to delist the ada token for US customers had come as a complete surprise to him.ĮToro, an online trading platform based in Israel, said on Tuesday it would delist ada, along with the TRON Foundation's trx token for customers in the United States by December 26. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Hoskinson said there were no regulatory events or subpoenas, threats or lawsuits that they were aware of.ĮToro said it planned to delist ada for US customers by the year end because of regulatory concerns. Cardano founder Charles Hoskinson said he'd been "blindsided" by eToro's delisting of ada for US users.
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