Cardano and Solana drop after being delisted from popular trading apps | CoinDesk JAPAN | CoinDesk Japan

Cardano (ADA) and Solana (SOL) tumbled Monday, just before popular trading app Robinhood delisted the two cryptocurrencies at 18:59 ET on the same day.

On June 9th, Robinhood announced that it would end trading Cardano, Solana, and Polygon (MATIC) on June 27th. The decision comes shortly after the SEC (U.S. Securities and Exchange Commission) named these crypto assets as “securities” in a lawsuit against Binance and Coinbase.

Cardano and Solana fell about 2.3% and about 1.8% in 24 hours, according to CoinDesk data. The CoinDesk Market Index (CMI), which measures overall market activity, was up 0.6%. Porygon is flat.

Since Robinhood announced the end of trading for three crypto assets on June 9, the prices of the three crypto assets have fallen by more than 5%, while the CMI has risen by about 9%.

｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: CoinDesk TV
｜Original: ADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC Crackdown