Cardano

Solana

Polygon

In a move that has sent ripples across the crypto community, trading platform Robinhood has declared its decision to delist three significant cryptocurrencies: Cardano (ADA), Polygon (MATIC), and Solana (SOL).
The company&#8217;s decision comes after its latest review, with support for these digital assets set to end on June 27th.
With limited information provided about the rationale behind this sudden decision, many in the industry are left speculating on the factors that led to this move.
<blockquote>&#8220;The decision was made based on our latest review,&#8221; Robinhood stated, without further elaboration.</blockquote>
<a href="https://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiniNnXrbb_AhV4_7sIHcFVC2kQFnoECAsQAQ&amp;url=https%3A%2F%2Frobinhood.com%2F&amp;usg=AOvVaw1eFvuPLoQ3iCpNQj_JSNAn" rel="nofollow noopener" target="_blank">Robinhood</a> has affirmed that the delisting will impact only these three tokens, with all other cryptocurrencies on the platform remaining unaffected. Until the June 27th deadline, users can continue to buy, sell, hold, and transfer their ADA, MATIC, and SOL tokens.
Post-deadline, any ADA, MATIC, and SOL still in a user&#8217;s Robinhood Crypto account will be automatically sold at market value, and the proceeds will be credited to the user&#8217;s Robinhood buying power.
While the platform reassures users that their other crypto holdings will not be impacted, those owning Cardano, Polygon, or Solana must either transfer their tokens out of Robinhood or face having them sold. The company has not imposed any obligation on users to sell their holdings, but they must move them to another platform before the cut-off date.
Speculation abounds as to the motive behind Robinhood&#8217;s decision, with some suggesting that recent regulatory enforcement actions in the industry could be a possible driving factor. I

Robinhood announces delisting of Cardano, Polygon, and Solana

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