2023-06-10
Robinhood, an American stock trading
and investing app will
delist and no longer support Solana, Polygon or Cardano after June 27, 2023 at
6:59 p.m. ET because SEC has filed lawsuits against many crypto exchanges such
as Binance and Coinbase. SEC also identifies many cryptocurrencies as securities
that they listed on exchanges without regulations.
The U.S. SEC identifies these 3 cryptocurrencies
as securities but they are not under the U.S. regulation and the U.S. laws. Robinhood
has warned users to transfer these 3 coins to a safe place. It might sell off
users’ SOL, MATIC, and ADA holdings after June 27.
As a result, Solana, Polygon, and
Cardano prices fall drastically.
Cardano (ADA) 7-day price goes down
35.95%.
Solana (SOL) 7-day price goes down
31.33%.
Polygon (MATIC) 7-day price goes down 34.76%.
