'Robinhood Nixes ADA, MATIC, SOL' - Blockworks
Portfolio Pulse from Happy Mohamed
Robinhood is ending support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) after the SEC targeted these cryptocurrencies in lawsuits against Binance and Coinbase. The assets will not be tradable on Robinhood from June 27, and any remaining ADA, MATIC, and SOL will be automatically sold and credited to users' accounts.
June 09, 2023 | 1:58 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Robinhood is ending support for Cardano (ADA) due to SEC lawsuits, potentially impacting ADA's price.
The SEC's lawsuits against Binance and Coinbase have led Robinhood to end support for ADA. This may result in a decrease in trading volume and demand for ADA, potentially leading to a drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Robinhood's decision to end support for ADA, MATIC, and SOL may impact investor sentiment towards the platform.
Robinhood's decision to end support for these cryptocurrencies may lead to negative sentiment among investors who were trading these assets on the platform. This could potentially impact Robinhood's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Robinhood is ending support for Polygon (MATIC) due to SEC lawsuits, potentially impacting MATIC's price.
The SEC's lawsuits against Binance and Coinbase have led Robinhood to end support for MATIC. This may result in a decrease in trading volume and demand for MATIC, potentially leading to a drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Robinhood is ending support for Solana (SOL) due to SEC lawsuits, potentially impacting SOL's price.
The SEC's lawsuits against Binance and Coinbase have led Robinhood to end support for SOL. This may result in a decrease in trading volume and demand for SOL, potentially leading to a drop in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100