NYSE-Backed Crypto Marketplace Bakkt Delists Cardano, Solana and Polygon After SEC Calls Them Securities: Report

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Crypto market Bakkt has reportedly delisted the Ethereum (ETH) opponents Cardano (ADA) and Solana (SOL), in addition to the blockchain scaling resolution Polygon (MATIC).

Final week, the U.S. Securities and Change Fee (SEC) labeled all three of the delisted tokens “crypto asset securities” in lawsuits in opposition to the exchanges Binance and Coinbase.

Bakkt, the digital asset market backed by New York Inventory Change (NYSE) operator Intercontinental Change (ICE), is eradicating assist for the tokens till there may be further regulatory readability, in line with a brand new Fortune Crypto report.

Bakkt’s resolution comes within the wake of retail buying and selling large Robinhood eradicating buying and selling companies for a similar three property final week.

On Wednesday, widespread social buying and selling platform eToro halted purchases for MATIC, along with sensible contract platform Algorand (ALGO), gaming metaverse undertaking Decentraland (MANA) and privacy-focused protocol Sprint (DASH).

ADA is buying and selling round $0.263 at time of writing. The eighth-ranked crypto asset by market cap is down practically 30% since June fifth, the day the SEC’s lawsuit in opposition to Binance was introduced.

SOL is buying and selling at $15.37 at time of writing. The Eleventh-ranked crypto asset by market cap is down greater than 28% over the identical timeframe.

MATIC is buying and selling round $0.593 at the moment. The Thirteenth-ranked token by market cap is down greater than 33% for the reason that fifth.

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