{"id":80000,"date":"2023-06-09T17:51:06","date_gmt":"2023-06-09T14:51:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80000"},"modified":"2025-09-11T14:12:59","modified_gmt":"2025-09-11T11:12:59","slug":"robinhood-to-discontinue-support-for-cardano-polygon-and-solana","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/robinhood-to-discontinue-support-for-cardano-polygon-and-solana\/","title":{"rendered":"Robinhood to discontinue support for Cardano, Polygon and Solana"},"content":{"rendered":"<p>From June 27, the Robinhood online-brokerage platform <a href=\"https:\/\/robinhood.com\/us\/en\/support\/articles\/cardano-polygon-solana-update\/\">will discontinue<\/a> support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).<\/p>\n<p>After the stated date, the corresponding user assets will be automatically converted into fiat.<\/p>\n<p>Until June 27, holders can buy, sell, store, and transfer ADA, MATIC and SOL.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;No other coins are affected, and your cryptocurrency on Robinhood remains safe,&#8221; the support team said.<\/p>\n<\/blockquote>\n<p>Management did not explain the reasons for the decision. On June 5, the U.S. Securities and Exchange Commission <a href=\"https:\/\/www.docdroid.net\/I02zzqT\/sec-v-binance-4-pdf\">filed<\/a> a lawsuit against the Bitcoin exchange Binance and its CEO Changpeng Zhao; the next day the regulator <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-coinbase-exchange\">brought charges<\/a> against Coinbase. In both cases, the agency classified ADA, MATIC and SOL as assets with characteristics of securities.<\/p>\n<p>During a <a href=\"https:\/\/www.congress.gov\/committees\/video\/house-agriculture\/hsag00\/SFFfxkSPmnY\">hearings<\/a> before the U.S. House on June 6, Robinhood&#8217;s Chief Compliance Officer Dan Gallagher acknowledged that the platform was monitoring the Commission&#8217;s activity regarding a possible delisting of certain assets.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are actively studying the SEC&#8217;s analysis to understand what actions should be taken in this regard if necessary,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Robinhood Crypto also supports BTC, ETH, LTC, ETC, BSV, BCH, DOGE, SHIB, COMP, LINK, UNI, AVAX, XLM, USDC, XTZ and AAVE. These coins do not appear in the SEC&#8217;s lawsuits.<\/p>\n<p>In the first quarter, revenue from crypto-related operations <a href=\"https:\/\/u1f987.com\/en\/news\/robinhoods-cryptocurrency-revenue-falls-30-year-on-year\">fell 30%<\/a> year over year to $38 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From June 27, the Robinhood online brokerage platform will discontinue support for Cardano (ADA), Polygon (MATIC) and Solana (SOL).<\/p>\n","protected":false},"author":1,"featured_media":80001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1401,1286,1264,1234,1159],"class_list":["post-80000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cardano-ada","tag-listing","tag-polygon-matic","tag-robinhood","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80000"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80000\/revisions"}],"predecessor-version":[{"id":80002,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80000\/revisions\/80002"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80001"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}