Robinhood's May Crypto Trading Volume Plummets 68% Year-on-Year.
TL;DR Summary
Robinhood reported a 68% YoY decline in crypto trading volume in May, with DART down 53% YoY. The company delisted three tokens, including Cardano's ADA, Polygon's MATIC, and Solana's SOL, which were named as securities by the SEC in recent lawsuits against Coinbase and Binance. Robinhood has only received an investigative subpoena from the SEC regarding its crypto operations so far.
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