Israeli trading platform eToro has reached a settlement with the U.S. Securities and Exchange Commission (SEC), under which it agreed to a $1.5 million penalty and plans to limit access to the majority of its crypto trading to U.

Online brokerage eToro just agreed to pay $1.5 million in a lawsuit with the Securities and Exchange Commission that could affect how you trade crypto in the future.

The only crypto assets U.S. customers will be able to trade on the company’s platform are bitcoin, bitcoin cash and ether.

This settlement agreement brings eToro to change a lot for its continued United States operations, with only three crypto assets allowed to be traded on the platform. According to the SEC, this includes Bitcoin, Bitcoin Cash, and Ether only. It was revealed by eToro that these available coins comply with the regulatory framework it has.

Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S. Securities and Exchange Commission, the regulator said Thursday. eToro also agreed to pay a penalty of $1.

EToro USA LLC agreed to pay $1.5 million and allow American customers to only trade only a handful of cryptocurrencies on its platform to settle US Securities and Exchange Commission allegations that it operated as an unregistered broker and clearing agency.

Crypto exchange eToro has agreed to pay $1.5 million to settle with the SEC. The company was charged with operating as an unregistered broker and clearing agency by allowing trades of certain crypto assets classified as securities.