eToro still supports crypto despite SEC’s lawsuits.

The United States Securities and Exchange Commission (SEC) is cracking down on Binance and Coinbase exchanges, causing the crypto and financial markets to pay close attention. eToro, one of the top financial trading platforms, has stated its commitment to crypto and its willingness to comply with industry regulations.

We support crypto and believe in providing our users with access to a diverse range of asset classes. This means working closely with regulators globally to shape the future of the crypto industry and give ordinary investors access.

This statement comes as the SEC continues to scrutinize crypto platforms, with Binance and Coinbase being the top contenders.

Why eToro Had To Demonstrate Willingness to Comply

eToro’s comments are not unfounded, as the platform offers some of the tokens that the SEC considers securities, such as Cardano (ADA), Polygon (MATIC), Solana (SOL), Algorand (ALGO), Filecoin (FIL), Decentraland (MANA), and the Sandbox (SAND).

However, an eToro spokesperson has explained that the company has a system in place that allows it to review the digital assets offered on the platform with full knowledge of the evolving regulatory landscape in the crypto industry.

The platform recently partnered with Twitter to allow users to invest in crypto through eToro while viewing real-time prices.

Although eToro offers financial trading services for both stocks and crypto, it is not alone in this space, as other industry leaders like Robinhood launched a crypto trading service in 2018 alongside its stocks trading service.

One similarity between eToro and Robinhood is that Cardano, Polygon, and Solana are available on both platforms.

Like eToro, a representative from Robinhood has commented on the current regulatory issues.

There are a few coins that have been noted in recent SEC complaints that we do trade on our platform. We are actively reviewing the SEC analysis to determine what actions, if any, we need to take.

Robinhood has announced plans to delist ADA, MATIC, and SOL, while BinanceUS has made changes to its business to avoid regulatory trouble, including slashing more than 100 “Advanced Trading pairs” from its platform, such as Axie Infinity (AXS), Cosmos Hub (ATOM), COTI (COTI), and MANA.

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