eToro sets $SRM trades to close only
Due to uncertainty around $SRM, online broker eToro has set trades in this cryptoasset to close only.
“Close Only” means that no new positions can be opened, however it will still be possible to manage existing positions.
Serum is a Solana-based protocol for decentralized exchanges. It was founded in 2020 with the backing of the Serum Foundation, FTX, Alameda Research, and the Solana Foundation.
Crypto exchange FTX and a number of its subsidiaries filed for Chapter 11 bankruptcy in the United States on November 11, 2022. eToro activity on the $FTT token has since been limited to “Close Only”.