Huobi slashes Cardano (ADA) trading amid SEC scrutiny: Is Cardano in hot water? cardano ada cardanoada cardanocommunity $ada
In an official statement, Huobi cited its commitment to enhancing the trading experience for users as the rationale behind discontinuing several trading pairs, including ADA/USDD, effective from 8:00 a.m. on June 29, 2023. However, the availability of ADA for trading against USDT andwill remain unaffected, indicating that the removal of ADA is not solely based on any inherent issues with the token but rather part of a broader strategic move by the exchange.
This is not the first time ADA has faced delisting in the wake of SEC allegations. Earlier this month, prominent platforms such as Bakkt and Robinhood also removed ADA from their listings following the SEC's accusation that ADA might be classified as a security.Despite the recent delisting news, market reaction to the announcement has been relatively muted. The removal of the less popular ADA trading pair has had a minimal impact on the token's price.
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