US-based Bitcoin Exchange Bakkt Delists These Cryptocurrencies!

  • New York-based digital asset platform Bakkt has decided to delist Solana, Polygon, and Cardano, citing regulatory uncertainties.
  • This delisting decision was made in response to the lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against crypto exchanges such as Binance and Coinbase this month.
  • SEC’s actions have led other crypto platforms to reevaluate their token listings as well.

New York-based Bakkt, which offers cryptocurrency trading services, has decided to delist 3 cryptocurrencies following SEC’s actions.

Bakkt Delists 3 Cryptocurrencies

New York-based digital asset platform Bakkt has decided to delist Solana, Polygon, and Cardano, citing regulatory uncertainties.

Marc D’Annunzio, the company’s general counsel and secretary, stated that this will continue until there is more clarity on how to provide a more comprehensive cryptocurrency list in a compliant manner.

This delisting decision was made in response to the lawsuits filed by the U.S. Securities and Exchange Commission (SEC) against crypto exchanges such as Binance and Coinbase this month. SEC included assets such as Solana, Polygon, and Cardano in the lawsuits, accusing both platforms of offering unregistered securities to their customers.

SEC’s Actions Prompt Other Platforms to Take Action

SEC’s actions have led other crypto platforms to reevaluate their token listings as well.

Last week, fintech app Robinhood announced that it will end support for Solana, Polygon, and Cardano on June 27 due to the regulator’s strict measures.

On Tuesday, trading platform eToro announced that it will delist Polygon, Decentraland, Dash, and Algorand from its U.S. platform starting from July 12.

Bakkt previously delisted Algorand and Decentraland from Bittrex in April following an SEC lawsuit. Currently, it continues to support eight other cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Litecoin, USDC, and Shiba Inu.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

ETH Investor Earns 1533 ETH Profit After Strategic WBTC Swap: Insights from On-Chain Data

On November 23rd, COINOTAG News reported a significant transaction...

Bitcoin ETF Sees Record $3.376 Billion Net Inflows Amid Surge in Trading Volume

According to recent data from COINOTAG News on November...

Binance Outshines Nasdaq and NYSE with $7.7 Billion USDT Inflow Amidst Historic Trading Volume Surge

According to a recent report by TokenInsight, during the...

Bitcoin Spot ETF Sees Massive $490 Million Inflow: BlackRock’s IBIT Leads the Way

Recent analysis by COINOTAG on November 23rd highlighted a...

Ethereum Spot ETF Sees Massive $92.3 Million Net Inflows, Led by BlackRock and Fidelity

On November 23rd, data sourced from Farside Investors and...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img