Robinhood Revises List of Available Assets Amid SEC Claims

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Against the backdrop of lawsuits by the Securities and Exchange Commission (SEC) against major crypto exchanges Binance and Coinbase, Robinhood Markets announced its intention to revise the list of assets available to users for trading on the platform.

In each lawsuit, the regulator stated that a portion of the crypto assets listed on a particular exchange are unregistered securities.

Despite the fact that the crypto brokerage platform Robinhood provides users with access to a relatively limited list of 18 cryptocurrencies, against the backdrop of the SEC's actions, the company's management announced its intention to exclude assets from the list of available assets, the trading of which can theoreticallylead to a violation of applicable law.

According to the SEC, the category of securitiesinclude Solana (SOL), Cardano (ADA), Polygon (MATIC), Coti (COTI), Algorand (ALGO), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), Axie infinity (AXS) and Decentraland (MANA) )

Robinhood previously announced
the launch of Robinhood Connect, a feature that allows users to fund Web3 wallets without having to leave the decentralized application or log into their accounts.