Robinhood Drops Support for Cardano, Polygon and Solana
Main page News, Altcoins

Online broker Robinhood will stop supporting Cardano, Polygon and Solana as of June 27.

After this date, users' assets will be automatically converted to fiat.

Until June 27, owners of these assets can buy, sell, store and transfer ADA, MATIC and SOL.

According to the statement shared by the platform:

"No other coins are affected and your crypto is still safe on Robinhood."

It should be noted that the company has not explained the reasons behind the decision.

Last June 5, the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao, and the following day, the regulator filed another lawsuit against Coinbase. In both cases, the agency classified ADA, MATIC and SOL as securities-like assets.

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