Robinhood to Stop Supporting Cardano, Polygon, and Solana Amid Intensifying Crackdown

2023-6-10 18:30

Investment platform Robinhood will cease support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) cryptocurrencies from 6:50 p.m. (EST) on June 27, 2023. The move comes as the Securities and Exchange Commission (SEC) steps up its unprecedented crackdown on crypto assets.

For all its popularity, Robinhood is not immune to pressure from regulators bent on curbing the use of tokens they deem to be unregistered securities. This decision follows a recent review of the cryptocurrencies offered on the platform.

Robinhood Plays It Safe With the SEC

The platform offers commission-free trading of stocks, options, ETFs, and cryptocurrencies. The company initially focused on traditional investing. However, Robinhood expanded its services to include cryptocurrency trading in 2018.

Learn where best to trade digital assets:

How to Choose The Right Crypto Exchange

Users who currently hold ADA, MATIC, and SOL can continue to buy, sell, and hold these cryptocurrencies. Users have the option to transfer ADA, MATIC, and SOL until June 27, except if they reside in Hawaii, Nevada, or New York.

After the deadline, any remaining ADA, MATIC, and SOL in a Robinhood account will be sold at their market value. Robonhood will credit the proceeds from the sales to the traders’ Robinhood accounts. Users also have the option to send them to another wallet or crypto platform.

The move comes as a response to the SEC recently designating a number of cryptoassets as unregistered securities. The trading platform is likely trying to avoid any regulatory scrutiny from Gensler’s SEC. It is not hard to see why a firm would wish to avoid any complications.

This week, the agency announced lawsuits against Binance and Coinbase, the two largest crypto exchanges. Both face charges of breaking multiple securities laws. Both exchanges deny any wrongdoing. But, given how other high-profile enforcement actions involving the likes of Ripple have played out, they may well be closer to the beginning than the end of their legal troubles.

The post Robinhood to Stop Supporting Cardano, Polygon, and Solana Amid Intensifying Crackdown appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Solana (SOL) на Currencies.ru

$ 144.27 (+0.72%)
Объем 24H $999.309m
Изменеия 24h: -0.37 %, 7d: -9.16 %
Cегодня L: $143.23 - H: $145.51
Капитализация $66.608b Rank 5
Цена в час новости $ 14.81 (874.14%)

solana robinhood polygon cardano crackdown stop intensifying

Источник: beincrypto.com

solana robinhood → Результатов: 19


Robinhood делистит Cardano, Polygon и Solana

С 27 июня криптовалютная платформа онлайн-брокера Robinhood прекратит поддержку криптовалют Cardano (ADA), Polygon (MATIC) и Solana (SOL). После обозначенной даты соответствующие активы пользователей автоматически конвертируются в фиат.

2023-6-10 19:05


Robinhood pulls the plug on MATIC, SOL, ADA amid SEC crackdown

U.S.-based digital trading app Robinhood announced today that it will end support for three major cryptocurrencies on June 27 — Cardano (ADA), Polygon (MATIC), and Solana (SOL). The company advised users to sell or transfer their holdings before the deadline, at which point the tokens will be automatically sold and converted to buying power on […] The post Robinhood pulls the plug on MATIC, SOL, ADA amid SEC crackdown appeared first on CryptoSlate.

2023-6-9 18:30


Robinhood прекращает поддержку Cardano, Polygon и Solana из-за судебных исков в США

Robinhood, одна из крупнейших платформ для торговли криптовалютами, объявила, что с 27 июня 2023 года она прекратит поддержку трех популярных токенов: Cardano (ADA), Polygon (MATIC) и Solana (SOL).

2023-6-10 17:21


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's $50M liquidations - Here's what traders should know

Both longs and shorts experienced a turbulent time after ETH's price went up and down Realized Profits increased, indicating that the value may fall below $3,400 The high volatility in the mThe post Ethereum's $50M liquidations - Here's what traders should know appeared first on AMBCrypto.

What Ethereum's rising demand says about ETH's price action

Demand for ETH grew as put-to-call ratios declined ETH's price action remained stagnant as prices fluctuated Ethereum [ETH] has remained stagnant around the $3500-mark for quite some time noThe post What Ethereum's rising demand says about ETH's price action appeared first on AMBCrypto.

Is XRP's price set for a major rally? This bullish pattern could be key...

XRP’s Fear and Greed index flashed 'fear' Market indicators and metrics pointed to a trend reversal Most cryptos had a rough week as their weekly charts remained red, and XRP was no differThe post Is XRP's price set for a major rally? This bullish pattern could be key... appeared first on AMBCrypto.

Spot Ethereum ETFs by 2 July? Analyst makes this bold prediction!

Analyst's remarks hinted at Ethereum ETFs possibly starting on 2 July Bitcoin seems to be underperforming ahead of ETH ETF approval Following SEC Chair Gary Gensler's promising remarks ("somThe post Spot Ethereum ETFs by 2 July? Analyst makes this bold prediction! appeared first on AMBCrypto.

Ethereum's bullish flag: A signal for investors to prepare for gains?

Ethereum’s price dropped by more than 7% in the last seven days.  Most metrics and market indicators hinted at a trend reversal.  The end of May for Ethereum [ETH] was bullish as the tokThe post Ethereum's bullish flag: A signal for investors to prepare for gains? appeared first on AMBCrypto.