Shiba Inu $SHIB Soars as Robinhood Delists Other Cryptocurrencies
Robinhood Delisting Announcement Robinhood recently revealed its plan to end support for Cardano (ADA), Solana (SOL), and Polygon (MATIC) on June 27, 2023. The decision follows the company’s review of its cryptocurrency offerings. Robinhood users will still be able to buy, sell, hold, and transfer SOL, ADA, and MATIC until the given deadline. Read More About Robinhood Delisting.. While the exact reasons for delisting were not disclosed, speculation suggests that recent lawsuits involving major exchanges like Binance and Coinbase, initiated by the United States Securities and Exchange Commission (SEC), may have influenced Robinhood’s decision. Yesterday, 4 Trillion SHIB tokens were also moved to Binance. Read About Lawsuit Agianst Binance And Coinbase.. Unlike ADA, MATIC, and SOL, Shiba Inu (SHIB) emerged unscathed from Robinhood’s delisting move. The platform clarified that the delisting decision would not affect other cryptocurrencies available on its platform,...