Robinhood app users will be able to trade 15 different cryptocurrencies but not ADA, SOL, and MATIC

FXstreet
FXstreet

27 Jun 2023 7:00 PM

Robinhood app users only have a few hours before three cryptocurrencies are delisted from the financial services company following a clampdown by the ...

  • Robinhood app will delist Solana, Cardano, and Polygon after Tuesday, June 27, 22:59 GMT.
  • The decision follows the SEC’s move to label these tokens as securities in the Binance and Coinbase lawsuits.
  • While the fate is similar for the three altcoins, ADA and SOL seem to be taking the brunt of it.
  • Robinhood app users only have a few hours before three cryptocurrencies are delisted from the financial services company following a clampdown by the US Securities and Exchange Commission (SEC) on two giant cryptocurrency exchanges, Binance and Coinbase.
  • Vodafone has expressed interest in Cardano’s non-fungible tokens (NFTs).

The article has a negative sentiment as it talks about the delisting of three cryptocurrencies from Robinhood app due to the SEC's move to label them as securities. It also mentions that ADA and SOL are suffering the worst of the regulatory clampdown and the prolonged bear market.

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You May Ask

Why is Robinhood app delisting Solana, Cardano, and Polygon?What is the SEC's move regarding these tokens?Can investors still hold their ADA, MATIC, and SOL holdings after the delisting?What is Vodafone's interest in Cardano's non-fungible tokens (NFTs)?How are ADA and SOL performing in the market compared to other altcoins?

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