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Robinhood to Delist Cardano (ADA) and Solana (SOL) as SEC Lawsuits Name Tokens as Securities

June 27 (Cointime) - Cardano (ADA) and Solana (SOL) experienced a greater decline than the overall cryptocurrency market on Tuesday, ahead of their delisting from trading app Robinhood at 6:59 p.m. ET. Robinhood had previously announced that it would stop supporting ADA, SOL and MATIC on June 27, following the Securities and Exchange Commission's (SEC) lawsuits against Binance and Coinbase.

Over the past 24 hours, ADA and SOL have fallen by 2.3% and 1.8% respectively, while the broader CoinDesk Market Index (CMI) has risen by 0.6%. Robinhood users will still be able to trade 15 different cryptocurrencies after the delisting, including bitcoin (BTC), ether (ETH), dogecoin (DOGE), and avalanche (AVAX).

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