It's not a surprise for me. The problem that was coming from SEC against binance US has been triggering binance US's partner to feel doubt by facilitating binance US to access USD. I guess if the banking partner of binance US has become the main problem that makes binance US suspends its deposit and withdrawal for US next week. It's not a complicated situation. Binance US's partner was feeling worry to deal with binance after it has been getting major problem against SEC.
It's caused by binance US partners are not willing to join in the problem that already faced by binance US.
It's caused by binance US partners are not willing to join in the problem that already faced by binance US.
Indeed, the decision can be attributed to the SEC's aggressive tactics, such as the attempt to freeze Binance's US assets, and the challenges faced by the exchange and its banking partners. the question on my mind is will this trigger a market correction again and there is more Robinhood news to Delist Cardano, Polygon and Solana https://watcher.guru/news/robinhood-to-delist-cardano-polygon-and-solana. it seems worse..
It will probably even worst than it. Robinhood was SEC compliant and it must be following all of rules that being made by SEC. Delisting those coins were not big surprises since SEC sees them as security coins.
People in robinhood are liquidating their ADA, SOL and Polygon. It was triggering a huge dump for those coins especially for solana and polygon.
People are also worrying about the potential for SEC to suspend robinhood's service. Delisting those coins will become the best ways to avoid sanctions from SEC. Robinhood is not interesting to take the risk to deal with SEC.
Delisting is the best way to avoid the sanction.