The exchange crypto of the New York Stock Exchange no longer offers Solana, Cardano and Polygon. The three tokens have been listed as securities in recent complaints of the SEC. Bakkt follows in the footsteps ofother platforms.
Awaiting clearer crypto regulations, Bakkt has taken the decision to remove SOL, ADA and MATIC from its offer, reported this Friday Fortune.
The General Counsel of theIntercontinental Exchange has announced that Bakkt had taken this decision in the expectation of more clarity on how to offer digital parts in the United States.
In early June, the US securities regulator sued Binance and Coinbase for violating the Securities Act. In its complaints, the SEC lists a number of cryptocurrencies, including SOL, ADA and MATICas titles.
Other major players in crypto-trading, such as eToro and Robinhoodhave also recently decided to withdraw tokens mentioned as securities by the regulator.
It’s fine to tell me where I can’t stand. But you have to tell me how to operate,” said Bakkt boss Gavin Michael in an interview.
End of 2022, Bakkt has acquired Apex Crypto, a turnkey crypto investment products platform. Last month, the company announced it was withdrawing 25 tokens from the exchange due to the tightening of rules in the US.
Bakkt now lists only 8 assets with Bitcoin, Ethereum, USD Coin and Litecoin.
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