Robinhood to Delist Cardano, Polygon and Solana Following SEC Charges Against Crypto Exchanges

Robinhood, a brokerage firm, has announced that it will delist Cardano, Polygon, and Solana after the US Securities and Exchange Commission (SEC) classified them as securities in its charges against two major crypto exchanges. The firm will end support for the three cryptocurrencies on June 27, but investors can still buy, sell, and hold ADA, MATIC, and SOL until the deadline.

Robinhood has stated that investors can transfer their holdings to another wallet or crypto firm, but any remaining balance will be automatically sold and credited. The SEC has been active this week, suing both Binance and Coinbase and stating that ADA, MATIC, and SOL, among others, are securities.

Cardano $0.47

+3.6%

Robinhood Cardano Polygon Solana SEC ADA Wallet Binance Coinbase

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