Bakkt follows Robinhood, eToro in delisting main altcoins: Report

New York-based derivatives change Bakkt is delisting three well-liked altcoins on account of 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 US Securities and Trade Fee in opposition to crypto exchanges Binance and Coinbase (NASDAQ:). Within the complaints, the regulator labeled over 20 digital property as securities, together with SOL, MATIC and ADA. The whole variety of cryptocurrencies the U.S. regulator sees as a “safety” has now reached an estimated 68.

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