Crypto broker eToro says it will delist cardano and tron for US customers by the end of the year because of regulatory concerns

• eToro has surprised the crypto community by delisting cardano's ada token.
• By the end of 2021, investors will be unable to buy ada on the exchange platform.

eToro has surprised crypto investors by $4 it will delist cardano's $4 token and the TRON Foundation's $4 token for US customers from December 26.

The Israeli exchange cited $4 as the reason for its decision to delist the two cryptocurrencies. From Boxing Day, US-based users will no longer be able to buy ada or tron, while $4 for those assets will end on December 31.

"The regulatory landscape for crypto is evolving rapidly," an eToro spokesperson told Insider. "As a result, we will be limiting the ability for US users to open new positions in, or earn staking rewards for, ADA and TRX."

Cardano, which was founded in 2015 by ethereum co-founder $4, has surged this year but struggled in recent months. Ada rocketed from 18 cents at the start of 2021 to an all-time high of $3.10 in early September, but has since collapsed to $1.70. It is still the sixth-largest cryptocurrency by market capitalization, according to the data provider $4.

"Above all, we are disappointed to take this step," an eToro representative said. "eToro will continue to be active supporters of the crypto ecosystem."

The news came as a surprise to the crypto community, particularly after Luxembourg exchange BitStamp $4 it would list cardano last week. Hoskinson downplayed concerns.

"We didn't even get delisted," he $4, in response to a comment about the BitStamp listing. "Ada is still on etoro and non-US customers can freely trade."

eToro also announced it will delist tron, the native token for Chinese-American entrepreneur Justin Sun's $4. Tron's price has risen from 3 cents to 10 cents this year, and it is currently the 30th-largest cryptocurrency by market value on CoinMarketCap.