{"id":540964,"date":"2023-07-04T02:00:40","date_gmt":"2023-07-04T02:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=540964"},"modified":"2024-06-11T09:36:44","modified_gmt":"2024-06-11T09:36:44","slug":"cardano-solana-polygon-gains-despite-revolut-plans-to-delist","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano-solana-polygon-gains-despite-revolut-plans-to-delist\/","title":{"rendered":"Cardano, Solana, Polygon Gains Despite Revolut Plans To Delist"},"content":{"rendered":"

Despite Revolut, a platform that provides numerous services, including banking and crypto trading, planning to <\/span>delist<\/span><\/a>\u00a0Cardano (ADA), Solana (SOL), and Polygon (MATIC) from its trading platform in the United States by September 18, the three coins have started July firmly, bottoming up from June 2023 lows. <\/span><\/p>\n

As an illustration, SOL is up roughly 50% from June 2023 lows when it had sunk to as low as $13. Meanwhile, ADA has soared 17% while MATIC is up 25% in the past two weeks, reading from the performance in the daily chart.<\/span><\/p>\n

Cardano, Solana, Polygon Prices Firm<\/span><\/h2>\n

While their prices are relatively firm but in a bearish formation considering the sharp losses in June 2023, the three coins are still some of the most liquid in crypto. ADA, for instance, is perched at seventh, trailing XRP. The coin has a market capitalization of $10.2 billion and is in the top 10.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals<\/a><\/div>\n

SOL is also at 10th in the market capitalization leaderboard with a market capitalization of $7.6 billion. On the other hand, MATIC is steady, in an uptrend, adding 6.3% in the last trading week. Polygon had a market capitalization of $6.5 billion when writing on July 3.\u00a0<\/span><\/p>\n

\"SOL<\/a>
SOL price on July 3| Source: SOLUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

The cryptocurrencies that Revolut intends to delist have high liquidity and can be traded on major global exchanges such as Binance and KuCoin, even at their current valuations.<\/p>\n

In an email, Revolut said clients in the United States would be barred from trading the three tokens and have to sell their assets by September 18. Specifically, Revolut cited shifting laws around cryptocurrencies in the United States. The email read in part:<\/span><\/p>\n

Our US crypto services provider has decided to delist these tokens due to the changing laws and regulations around cryptocurrency in the US. Because of this, we\u2019ll no longer be able to process your buy and sell orders for these tokens.<\/span><\/p><\/blockquote>\n

SEC Alleges ADA, SOL, And MATIC Are Unregistered Securities<\/span><\/h2>\n

While the United States Securities and Exchange Commission (SEC) cited SOL, ADA, MATIC, and other coins, including Algorand (ALGO), as examples of unregistered securities, forcing several providers in the country to remove them from their platforms. <\/span><\/p>\n

Revolut also appears to be following in the steps of Baktt, a digital asset platform founded by Intercontinental Exchange (ICE). Days after the SEC\u2019s comments, the platform said they would stop supporting the three coins mid-June.<\/span><\/p>\n

Related Reading: Maker (MKR) Gains 30% In 7 Days, What\u2019s Next?<\/a><\/div>\n

While using Coinbase and Binance, the SEC alleged that several coins, including ADA, were unregistered securities, forcing sharp price contracts in the first half of June. In the United States, crypto assets classified as securities are subject to tighter regulatory requirements.\u00a0<\/span><\/p>\n

Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite Revolut, a platform that provides numerous services, including banking and crypto trading, planning to delist\u00a0Cardano (ADA), Solana (SOL), and Polygon (MATIC) from its trading platform in the United States by September 18, the three coins have started July firmly, bottoming up from June 2023 lows. As an illustration, SOL is up roughly 50% from June 2023 lows when it had sunk to as low as $13. Meanwhile, ADA has soared 17% while MATIC is up 25% in the past two weeks, reading from the performance in the daily chart. Cardano, Solana, Polygon Prices Firm While their prices are relatively firm but in a bearish formation considering the sharp losses in June 2023, the three coins are still some of the most liquid in crypto. ADA, for instance, is perched at seventh, trailing XRP. The coin has a market capitalization of $10.2 billion and is in the top 10.\u00a0 Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals SOL is also at 10th in the market capitalization leaderboard with a market capitalization of $7.6 billion. On the other hand, MATIC is steady, in an uptrend, adding 6.3% in the last trading week. Polygon had a market capitalization of $6.5 billion when writing on July 3.\u00a0 The cryptocurrencies that Revolut intends to delist have high liquidity and can be traded on major global exchanges such as Binance and KuCoin, even at their current valuations. In an email, Revolut said clients in the United States would be barred from trading the three tokens and have to sell their assets by September 18. Specifically, Revolut cited shifting laws around cryptocurrencies in the United States. The email read in part: Our US crypto services provider has decided to delist these tokens due to the changing laws and regulations around cryptocurrency in the US. Because of this, we\u2019ll no longer be able to process your buy and sell orders for these tokens. SEC Alleges ADA, SOL, And MATIC Are Unregistered Securities While the United States Securities and Exchange Commission (SEC) cited SOL, ADA, MATIC, and other coins, including Algorand (ALGO), as examples of unregistered securities, forcing several providers in the country to remove them from their platforms. Revolut also appears to be following in the steps of Baktt, a digital asset platform founded by Intercontinental Exchange (ICE). Days after the SEC\u2019s comments, the platform said they would stop supporting the three coins mid-June. Related Reading: Maker (MKR) Gains 30% In 7 Days, What\u2019s Next? While using Coinbase and Binance, the SEC alleged that several coins, including ADA, were unregistered securities, forcing sharp price contracts in the first half of June. In the United States, crypto assets classified as securities are subject to tighter regulatory requirements.\u00a0 Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":540966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,12332,40670,83584,14553,3799,12837,83626],"class_list":["post-540964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-cardano","tag-matic","tag-polygon","tag-revolut","tag-sec","tag-sol","tag-solana"],"acf":[],"yoast_head":"\nCardano, Solana, Polygon Gains Despite Revolut Plans To Delist<\/title>\n<meta name=\"description\" content=\"Cardano, Solana, and Polygon prices are steady and rising despite plans of Revolut to delist their respective coins by September 18.\" 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/wncen.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano, Solana, Polygon Gains Despite Revolut Plans To Delist","url":"http:\/\/wncen.com\/news\/cardano-solana-polygon-gains-despite-revolut-plans-to-delist\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano-solana-polygon-gains-despite-revolut-plans-to-delist\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Cardano-Solana-Polygon-Revolut.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Cardano-Solana-Polygon-Revolut.jpg?fit=1380%2C780"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","cardano","matic","polygon","revolut","sec","sol","solana"],"dateCreated":"2023-07-04T02:00:40Z","datePublished":"2023-07-04T02:00:40Z","dateModified":"2024-06-11T09:36:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano, Solana, Polygon Gains Despite Revolut Plans To Delist\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-solana-polygon-gains-despite-revolut-plans-to-delist\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-solana-polygon-gains-despite-revolut-plans-to-delist\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Cardano-Solana-Polygon-Revolut.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/Cardano-Solana-Polygon-Revolut.jpg?fit=1380%2C780\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"cardano\",\"matic\",\"polygon\",\"revolut\",\"sec\",\"sol\",\"solana\"],\"dateCreated\":\"2023-07-04T02:00:40Z\",\"datePublished\":\"2023-07-04T02:00:40Z\",\"dateModified\":\"2024-06-11T09:36:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/Cardano-Solana-Polygon-Revolut.jpg?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540964"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=540964"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/540966"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=540964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=540964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=540964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}