Robinhood Drops Crypto Tokens Following Regulatory Crackdown (1)

Robinhood Markets Inc. will remove three tokens from its crypto trading platform, after a high-profile regulatory crackdown on some of the industry’s biggest exchanges.

Users will no longer be able to trade Solana, Cardano or Polygon on Robinhood, according to an announcement Friday. The change will go into effect June 27. Prices of all three of the tokens dropped more than 6%.

Bloomberg

The move comes just days after a top US financial watchdog sued two of the largest crypto exchanges, alleging they offered unregistered securities, among other infractions. When the Securities and Exchange Commission sued Binance Holdings Ltd. and ...