Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Cryptocurrency
  • DeFi (Decentralized Finance)
  • News
  • Regulation
  • Uniswap (UNI)

DeFi Regulations Might Affect the Prices of Ethereum Tokens, eToro Warns

Alicia Maher August 28, 2021 2 min read

eToro head Yoni Assia has warned that Decentralized Finance regulations could affect the prices of some tokens registered on the platform. Yesterday, eToro posted its Q2 reports, showing that the brokerage witnessed a 121% increase in new users. The CEO believes that the regulations could hit the bullish prices of the tokens.


trade now

DeFi Space Could Worsen After Regulations

The beauty of the Defi space is that its protocols aren’t regulated by a company or a person. Despite the freedom of executing projects, it’s relatively harder to monitor or regulate businesses like their centralized counterparts. However, Assia has reasoned that with the regulations coming, the bullish prices of tokens listed on their platform would be affected. 

According to him, most of these tokens run on the principles of DeFi, which are public. eToro supported the trading of DeFi tokens in April by listing Uniswap and Chainlink tokens. It also listed Compound, Yearn Finance. The regulations could hit the platform and the industry hard, and this is partly the reason for the outcry from the CEO and his team. eToro’s team noted that not all cryptos are currencies or securities. That’s why they opted to sell digital tokens, but the regulations could change the landscape of things. 

eToro’s Current Growth and Market Outlook

The plan of listing new tokens thanks to the DeFi structure paid dividends. The Q2 reports, revealed this week, showed that the platform has gained massive attention since its April move. The brokerage registered over 2.6 million people and made over $360 million in commissions, a 125% increase compared to last year. 

Tokens weren’t the only thing that the platform listed. It listed Dogecoin too, the coin that Tesla CEO and billionaire Elon Musk referred to as “Ancient Doges”. So, you can’t attribute the brokerage’s growth to decentralized tokens alone. The increasing interest in cryptos globally and the rise of Gen Zers millionaires have contributed to the numbers recorded by the platform.

Despite the healthy report, the platform could face tough times when financial regulations hit it. The regulators aim to implement rules that would prevent fraud, money laundering, etc. in the industry. Undoubtedly, decentralized systems have opened ways for criminals to carry out unlawful and illegal businesses to circumvent the law. 

Minted SEC Head Gensler in Aspen Security Forum, said that although the cryptocurrency is a form of exchange, some of the exchanges are not legal. He further clarified that many decentralized finance tokens are unregistered securities and could affect the finance sector. eToro is discussing plans to go public by the end of the third quarter. 

Trade Now

Continue Reading

Previous: Cryptocurrencies Are Rebounding Strongly
Next: Cardano Launches its First Compliance Solution as It Partners with Coinfirm

Related Stories

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
2 min read
  • Altcoins
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Polkadot (DOT)
  • Price Analysis
  • Solana (SOL)

26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%

May 26, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,063.00
-2.13%
ethereum
Ethereum (ETH)
$1,759.02
-9.66%
tether
Tether (USDT)
$1.00
0.00%
usd-coin
USD Coin (USDC)
$1.00
0.00%
binancecoin
BNB (BNB)
$303.09
-7.51%
ripple
XRP (XRP)
$0.389983
-4.26%
Binance USD
Binance USD (BUSD)
$1.00
0.45%
cardano
Cardano (ADA)
$0.468997
-8.89%
dogecoin
Dogecoin (DOGE)
$0.078082
-6.07%
polkadot
Polkadot (DOT)
$8.92
-9.72%

Recent Posts

  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • 26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%
2 min read
  • Altcoins
  • Avalanche (AVAX)
  • Bitcoin (BTC)
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • Ethereum (ETH)
  • News
  • Polkadot (DOT)
  • Price Analysis
  • Solana (SOL)

26 May Crypto Prices: SOL, DOT, ETH, AVAX Lose Up to 5%

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%