eToro limits crypto trading to only 3 assets, including Bitcoin, after $1.5M SEC settlement
eToro will halt trading for most digital assets following a $1.5 million settlement with the SEC. The SEC's investigation found that eToro allowed US customers to trade crypto assets classified as securities without proper registration since 2020. eToro will limit its offerings to Bitcoin, Bitcoin Cash, and Ethereum. The company must liquidate all other digital assets within 180 days. This action is part of the SEC's broader regulatory efforts targeting several crypto firms, including Binance and Coinbase. eToro's CEO emphasized the company's commitment to compliance and innovation. Users can close positions or transfer supported coins by March 11, 2025. Remaining unsupported crypto positions will be liquidated by March 18, 2025, with proceeds credited to users' accounts.
