Just days after the Securities and Exchange Commission sued it, the American arm of Binance, the giant cryptocurrency exchange, announced some painful news: It will no longer allow customers to trade on its platform using U.S. dollars.
filed back-to-back lawsuits against Binance and the U.S. exchange Coinbase, two of the largest crypto companies in the world.
said Binance had lied to regulators and improperly handled customer funds; Coinbase was accused of operating as an unlicensed securities exchange.
Starting on June 27, the trading app Robinhood said, it will no longer support transactions in three popular cryptocurrencies — Solana, Cardano and Polygon — that the S.E.C.
categorized as unregistered securities in its court filings.
Persons:
Binance, Coinbase, Robinhood, — Solana
Organizations:
Securities and Exchange Commission, Binance
Locations:
U.S, Cardano