• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
Cardano

Why Delisting Of Cardano On eToro Could Benefit Its Price

Julia Arvelaiz
by Julia Arvelaiz
3 years ago
·
Posted in Cardano
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Is ADA looking like the next XRP? Rumors of regulatory concerns are flying around as eToro delists the token. Hoskinson argues back calling on the widespread misinformation, he is not worried about ADA’s future.

A recent announcement from eToro seemed to have put Cardano in hot waters. The cryptocurrency exchange said it would be limiting the tokens ADA and TRX for U.S. users.

The alleged reasons for the move were seemingly mysterious, as eToro said it was “due to business-related considerations in an evolving regulatory environment”, but Cardano’s founder Charles Hoskinson stated they have no regulatory concerns at the moment.

ADA’s price dropped more than 6% to $1.60 in a few hours after the announcement. This follows a few rough weeks for Cardano, although a good year overall skyrocketing around 900% with a market value of $54 billion, and surging to a $3.10 all-time high in September.

Cardano
ADA drops to $1.61 | Source: ADAUSD on TradingView.com

Cardano’s adamant supporters called on the FUD and misinformation around the event. The parallel announcement of Bitstamp, a larger crypto exchange, listing ADA paints a better landscape. It was described as an invalidation of eToro’s sudden action as Bitstamp’s offers bigger liquidity in comparison.

Related Reading | Insights From September’s 2021 Cardano Summit

XRP Working Its Way Up

eToro’s alleged concern for the “evolving regulatory environment” reminds the scenario around Ripple’s legal feud with the SEC. Last December, the SEC filed a lawsuit against the start-up that turned into a concern for a wider Crypto panorama.

After the SEC alleged the token XRP is an unregistered security offering, which would entail a violation of securities laws with a volume sales worth $1.38 billion, top crypto exchanges –Crypto.com, Coinbase, and OKCoin– delisted the token and its price tanked 31% subsequentially, losing 75% in value.

However, Ripple has fiercely fought back the allegations, claiming not only that it is wrong to call XRP a security, but also noting the SEC neglected to deliver a fair notice.

As they expanded globally and increased traction in Japan and the U.K.’s markets, XRP did not collide amidst its delisting, rather its price went up over five times since the lawsuit was filed due to positive expectations.

At the moment, the regulator’s hopes to stop XRP sales have ended in the opposite direction, roughly $60 billion worth of tokens in circulation, and XRP stands as the seventh-biggest digital currency in the world.

The scenario is not looking so bad for Cardano either. Hoskinson has already expressed on past occasion’s that the company’s project plays a long-term game and does not focus on momentary dips, as he firmly believes this would be “an utter lack of perspective” given that he feels “that there’s a strong possibility Cardano could be the backend of many nation-states,”

Now, Cardano’s founder has widely shared his opinion on Twitter about eToro’s decision, pointing at the consequences that the global crypto regulations’ current “systemic lack of clarity is having on the industry”:

If you’re a European entity with principal European customers, you usually limit your U.S. exposure because the cost of U.S. exposure is extremely high. If you’re an U.S. native company under U.S. regulation … it’s much easier to comply … The only way we’re gonna solve this as an industry is trough regulatory clarity.

Cardano Regulatory Status Clarified

Hoskinson calmly stated “There are no liquidity problems, you win some you lose some”, referring to Bitstamp’s inclusion of ADA, but also to the hard process ADA went through to get whitelisted in Japan, which had positive results in liquidity.

He claimed they would look into the reasons for eToro’s move since Cardano has “No regulatory event, no subpoena, nothing from any regulatory agency no threats of lawsuits,” also reminding that the last 6-months trend has been the remarkable increase in Cardano’s amount of liquidity, and “exchange after exchange” are listing ADA.

For Hoskinson, this event points at eToro’s derisking because of their own “regulatory tolerance” and “customer base”, rather than a direct problem coming from ADA.

As Bitstamp listing ADA is more of a win than eToro’s limitations are a loss, and Hoskinson sees a brighter panorama for crypto in the U.S. bills to come, the ADA FUD might turn into growth.

Related Reading | Cardano, Hydra & 2 millions Wallets Loaded With ADA

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Julia Arvelaiz

Julia Arvelaiz

Follow

Full Profile

Related Posts

cardano ada adausd (1)

Cardano Rebounds With 8% Gains, Analysts Reveal Where ADA Could Go Next

1 hour ago
Cardano

Cardano Founder Publicly Declares ADA “The Best-Performing Asset Of All Time,” Here’s Why

5 days ago
Cardano

Cardano Secures The Crown: Now The Most Decentralized Blockchain On Earth – Here’s How

6 days ago
Cardano news Hoskinson Ethereum Buterin

Cardano Founder Slams ‘Drama’ Over Client Diversity Debate

1 week ago
Cardano news Charles Hoskinson

Cardano Founder: Leios To Deliver 65x Scaling Within 12–18 Months

1 week ago
Cardano News Leios

Cardano Hits Major Scaling Milestone: Leios CIP Goes Public

1 week ago
Please login to join discussion

Premium Sponsors

Press Releases

  • MINER

    2025 Free Crypto Cloud Mining Sites Detailed Guide: No...

    1 hour ago
  • BAY Miner’s

    BTC Swings? BAY Miner’s USD Contracts Yield $85,777...

    2 hours ago
  • Bitcoin

    BTC’s surge doesn’t wait! GMO Miner helps you...

    2 hours ago
  • Cloud Mining

    Compliance and High Returns: ALR Miner Cloud Mining, with...

    4 hours ago
  • PEPENODE มีมคอยน์กบกอดโทเค็นสุดน่ารัก

    PepeNode เหรียญมีมสาย Mine-to-Earn...

    6 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.