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Huobi Removes Cardano Trading Pair Amid SEC Investigation

June 26 (Cointime) - Huobi, a major cryptocurrency exchange, has removed the Cardano (ADA) trading pair from its platform, citing a commitment to enhancing the trading experience for users.

The removal of ADA is not solely based on any inherent issues with the token but rather part of a broader strategic move by the exchange. Despite the recent delisting news, market reaction to the announcement has been relatively muted, and Cardano has managed to hold on to a crucial price level.

The SEC's investigation into ADA and its potential classification as a security continues to cast a shadow of uncertainty over the cryptocurrency.

Cardano Cardano $0.44
+1.39%
Huobi Cardano
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