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News Explorer — Robinhood Cutting Cardano, Polygon, and Solana After SEC Claims

Generated by AI, curated by humans

Jun 9, 2:24 pm

Decrypt

Robinhood Cutting Cardano, Polygon, and Solana After SEC Claims

Robinhood has announced that it will no longer support Cardano (ADA), Polygon (MATIC), and Solana (SOL) from June 27, 2023. Users must withdraw or sell these assets for fiat or other eligible assets on Robinhood by the deadline, after which the assets will be sold at market prices with the sale proceeds going to the users. The decision follows the U.S. Securities and Exchange Commission's lawsuits against Binance and Coinbase for alleged securities law violations.

Robinhood has announced that it will no longer support Cardano (ADA), Polygon (MATIC), and Solana (SOL) from June 27, 2023. Users must withdraw or sell these assets for fiat or other eligible assets on Robinhood by the deadline, after which the assets will be sold at market prices with the sale proceeds going to the users. The decision follows the U.S. Securities and Exchange Commission's lawsuits against Binance and Coinbase for alleged securities law violations.

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