Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities Brokerage firm
Robinhood has decided to delist
Cardano,
Polygon and
Solana after the
US Securities and Exchange Commission said those three were securities in its charges against
two large crypto exchanges this week.
Robinhood said it would end support for the three
on June 27, and said that investors could still buy, sell and hold
ADA, MATIC and SOL until the deadline.
“All other crypto you hold on Robinhood will not be affected,” the firm said in a press release
on Friday.
Robinhood said investors don’t have to sell
ADA, MATIC and SOL and can send them to another wallet or crypto firm, however any leftover will be automatically sold
and credited.
