Retail trading platform eToro has halted purchases of Algorand (ALGO), Decentraland (MANA), Polygon (MATIC), and Dash (DASH) for customers in the United States in response to the tokens being labeled as securities in recent SEC lawsuits.
The move comes just a few days after competitor Robinhood (NASDAQ:HOOD) also halted support for MATIC along with Cardano (ADA) and Solana (SOL), two other cryptocurrencies deemed as securities by the United States Securities and Exchange Commission..