eToro to delist REN cryptoasset
REN delisting aligns with eToro’s market viability standards
eToro, a popular social trading platform, has announced that it will cease supporting the REN cryptoasset as of December 26, 2024.
This decision is part of the platform’s ongoing assessment of assets offered for trading to ensure they meet criteria such as liquidity, trading volume, and long-term market viability, according to the eToro website.
Key information for REN holders
eToro has provided clear instructions for users holding $REN in their portfolios. Traders have until December 26, 2024, at 12:00 UTC to manually close their positions. If positions remain open after this time, eToro will automatically close them on behalf of users.
The USD value of any open $REN positions at the time of closure will be directly credited to users’ eToro investment accounts. The platform emphasizes that this measure is designed to safeguard user funds and maintain a secure trading environment.
Ongoing asset reviews
eToro regularly reviews the cryptoassets available on its platform to ensure they align with the company’s standards for liquidity, trading activity, and market sustainability. While $REN will no longer be supported, eToro continues to offer a wide range of cryptoassets and plans to expand its offerings in the future.
The platform reaffirmed its commitment to providing users with access to a diverse selection of cryptocurrencies, ensuring a reliable trading environment for its global client base.
Assistance for users
eToro has encouraged users with questions or concerns about the delisting to contact its customer support team. The company remains committed to transparency and customer assistance during the transition.
Broader market context
The delisting of REN reflects broader challenges faced by certain cryptoassets in maintaining market viability amid changing industry standards and regulatory scrutiny.
As the December 26 deadline approaches, eToro advises users to review their holdings and take the necessary actions to avoid disruptions. The platform’s decision highlights the importance of regular evaluations to uphold a secure and sustainable trading environment.
