Cardano’s Ada Piles On Major Losses After eToro Discloses Plans To Delist Tokens Over U.S. Regulatory Concerns

Cardano's ada token plummeted to its lowest price in more than three months. Read the full article by: Jonathan Ponciano

Key Points:

• While the whole market has been down over the last couple of days one token that has been hit the hardest was Cardano as it is down 11.5% over the last 7 days.

• On Wednesday it was announced that eToro was considering delisting Cardano in the US as it was facing regulatory concerns recently. eToro is one of the largest exchanges in the United States that is used widely by retail investors of stocks and cryptocurrencies.

• CEO of Cardano, Charles Hoskinson, blamed it on the lack of a “global regulatory standard” and they’re not the only ones who have been having issues. Coinbase has faced their own issues with the SEC this year and of course we all know what has been going on with XRP.

• As these cases keep popping up and coming to a constructive conclusion that will benefit other projects going forward. In the future there will be much clearer rules on how and what can be listed on exchanges but till then it is worth noting that this does not mean that Cardano is going anywhere anytime soon.