Israeli cryptocurrency exchange eToro announced on Tuesday it would denotify Cardano (ADA) and Tron (TRX) for customers in the United States by the end of the year.

From 31 December, US users will not be able to open new positions with the token or do any staking with ADA and TRX, and will also only be able to use the wallets for withdrawals until the first quarter of 2022. As a reason for this decision, eToro cited regulatory concerns regarding the two assets.

Companies operating in the blockchain industry are often pressured by regulators when it comes to denotifying coins or discontinuing certain services. Recently, Coinbase abandoned its plans for a crypto lending platform after the SEC threatened to sue the company. For now, however, the rise of decentralised exchanges and decentralised financial protocols offers popular alternatives for those who want to legally circumvent such measures.