Robinhood to end support for Cardano, Polygon, and Solana
Online trading app Robinhood has provided an update on crypto trading.
Based on its latest review, Robinhood has decided to end support for Cardano (ADA), Polygon (MATIC), and Solana (SOL) on June 27, 2023 at 6:59 PM ET. No other coins are affected.
Robinhood clients can continue to buy, sell and hold ADA, MATIC, and SOL until the deadline. They will be able to transfer ADA, MATIC, and SOL until June 27th, 2023. (If you live in Hawaii or Nevada, you can’t buy ADA, MATIC, and SOL. If you live in New York, you can’t transfer ADA, MATIC, and SOL.)
After the deadline, any ADA, MATIC, and SOL still in your Robinhood Crypto account will be sold for market value and the proceeds will be credited to your Robinhood buying power.
If you don’t want to sell your ADA, MATIC, and SOL, and you live in a state where transfers are available, you can send it to another wallet or crypto platform. However, any ADA, MATIC, and SOL that’s still on Robinhood after the deadline will be automatically sold and credited to your Robinhood buying power.