Bakkt follows Robinhood, eToro in delisting main altcoins: Report

New York-based derivatives change Bakkt is delisting three common altcoins attributable to current regulatory developments in the US. In accordance to a Fortune report, buying and selling of (SOL), Polygon (MATIC), and (ADA) has been suspended.

The choice follows final week’s lawsuits introduced by the Securities and Change Fee (SEC) towards crypto exchanges Binance and Coinbase (NASDAQ:). Within the complaints, the regulator labeled over 20 digital belongings as securities, together with SOL, MATIC, and ADA. The entire variety of cryptocurrencies the U.S. regulator sees as a “safety” has now reached an estimated 68.

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