Robinhood to Delist Cardano, Polygon, and Solana Cryptocurrencies

Robinhood, the trading service, recently announced that it will remove three digital assets: Cardano (ADA), Polygon (MATIC), and Solana (SOL). This decision comes after a review, and support for these coins will end on June 27th.

Robinhood clarified that no other cryptocurrencies will be impacted, except for ADA, MATIC, and SOL. Users can continue to buy, sell, hold, and transfer these tokens until the deadline.

After June 27th, support for ADA, MATIC, and SOL will cease, and any remaining tokens in users’ Robinhood Crypto accounts will be sold at the current market value. The proceeds will be credited to users’ Robinhood buying power.

It’s important to note that this delisting does not affect other cryptocurrencies held on Robinhood. However, users must either transfer their Cardano, Polygon, or Solana outside of their Robinhood account or the tokens will be sold automatically.

Robinhood has not provided a specific reason for the delisting or disclosed what they discovered during their review of these assets. It’s possible that regulatory actions within the industry influenced this decision. We’ll have to wait and see if more coins are affected or if other platforms also choose to delist these three assets.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Crypto Investor Falls Victim to $245,000 Scam After Fake a16z Podcast Offer
June 18, 2024By
IMF Calls for Stricter Regulation of Crypto Trading Platforms in Nigeria
June 18, 2024By
Empire Market Owners Charged for Running $430 Million Dark Web Operation
June 16, 2024By

Advertisement

Video Posts

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin65,223 0.04 % 0.24 % 3.57 %
Ethereum3,534.2 0.02 % 3.28 % 0.17 %
Tether0.9989 0.07 % 0.04 % 0.17 %
BNB598.53 0.11 % 2.03 % 2.89 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %
? --- 0.00 % 0.00 %

Please enter CoinGecko Free Api Key to get this plugin works.