A cryptocurrency you can buy on a broker can lose that support later, and when it does you get a deadline. Anything sitting in the account when the deadline passes is sold for you at the market price. Knowing why brokers end support, and what to do before the cutoff, is how you keep the choice of exit in your own hands.
Robinhood did exactly that with Cardano (ADA), Polygon (MATIC), and Solana (SOL). Days after the US Securities and Exchange Commission (SEC) sued two other crypto trading platforms, in lawsuits that both called the three coins unregistered securities, Robinhood set a cutoff of 6:59 pm Eastern Time on June 27, 2023. Coins customers still held after that minute were sold at market prices, and the cash went to the customer (source: Decrypt, June 9, 2023).
On November 13, 2024, Solana and Cardano returned to the US menu together with Pepe and XRP, a list of four that left MATIC out (source: Robinhood, November 2024 listing). If you are new to the platform itself, what is Robinhood Crypto explains who runs the account and how it works.
What is a Robinhood crypto delisting?
A Robinhood crypto delisting ends support for a coin on Robinhood Crypto at a set date and time. Before that cutoff you can sell the coins or withdraw them; after it, any balance left in the account is sold at market prices and the cash goes to you (source: Decrypt, June 9, 2023).
The 2023 decision is the clearest case in Robinhood's crypto history because it hit coins people had held for months. Polygon and Solana joined the menu on April 12, 2022, when customers could start buying and selling them along with Compound and Shiba Inu (source: Robinhood, Four new coins). Cardano followed in September 2022 (source: Decrypt, June 9, 2023). By the June 2023 cutoff, Solana and Polygon had been tradable for about fourteen months and Cardano for about nine, so the decision reached customers with real positions, and Shiba Inu, listed on the same April day, stayed. You can read how that coin trades today in how to buy Shiba Inu on Robinhood.
The forced sale is the part that catches people out. Up to the cutoff, the price you get is the price you choose with your own order, at the moment you choose. After it, Robinhood sells whatever is left at the market, so the timing and the fill belong to the platform. That sale closes the old position for good. If the coin is listed again later, a buy is a brand new position at a new price, and the cash from the earlier sale stays the end of the old one.
Why did Robinhood delist Solana, Cardano, and Polygon?
Robinhood ended support for Solana, Cardano, and Polygon because of regulatory risk. In early June 2023 the SEC sued two other crypto trading platforms, and both lawsuits alleged that ADA, MATIC, and SOL were unregistered securities. A Robinhood spokesperson said the suits put "a cloud of uncertainty" over the three coins (source: Decrypt, June 9, 2023).
The charges went well beyond the coins themselves. In June 2023 the SEC accused the two platforms of running unregistered securities exchanges, brokerages, and clearing agencies, and it alleged that some of the coins they offered were securities, Cardano, Polygon, and Solana among them. All three were supported on the Robinhood Crypto platform at the time (source: Robinhood Markets, Form 10-Q).
The label matters because securities come with registration rules. A platform that offers a coin later found to be a security can face sanctions, disgorgement, or penalties for selling it without meeting the registration rules for securities, or for working as a broker, exchange, or clearing agency without the right registration. A finding of that kind could also force the platform to stop trading the coin (source: Robinhood Markets, 2025 10-Q). Robinhood was a defendant in neither case, and it chose to stop offering the three coins as a precaution while the cases ran.
The timing shows how quickly the decision came together. Robinhood's head of regulatory compliance, Dan Gallagher, told the House Agriculture Committee that same week that the firm was "actively reviewing" its crypto offerings. The company framed the cut as the result of a routine review of the coins it offers, and the three coins left a menu that had held 18. The names that stayed included Bitcoin, Ethereum, Dogecoin, Shiba Inu, Avalanche, Tezos, Aave, Compound, and Uniswap (source: Decrypt, June 9, 2023).
So the delisting was a response to a legal claim about the coins, made in cases against other companies. The SEC's view was an allegation in a lawsuit, and Robinhood acted on it before any final outcome. For a holder, the lesson is that a coin can leave a platform because of what a regulator says about it, long before anyone decides whether the regulator is right.
What happened at the June 2023 cutoff?
Holders had until 6:59 pm Eastern Time on June 27, 2023 to withdraw ADA, MATIC, or SOL, or to sell them for cash or for another coin that stayed eligible. After that minute, Robinhood sold any remaining balance at market prices and paid the proceeds into the account (source: Decrypt, June 9, 2023).
The notice came on June 9, 2023, when Robinhood announced the decision and sent a message about it to part of its customer base that morning (source: Decrypt, June 9, 2023). That left a little over two weeks between the announcement and the cutoff, which was the whole window for anyone holding the three coins to decide what to do.
Say you held SOL on the afternoon of June 27, 2023. Selling it yourself before the cutoff meant you chose the order type and the moment, and the cash or eligible coin you picked stayed in the account. Withdrawing it to a wallet you controlled kept the coins themselves, outside the brokerage sale altogether. Doing nothing meant Robinhood sold the balance at the market after 6:59 pm, and the cash it credited closed that position.
A common mistake is planning around the date and missing the time. The cutoff was an evening minute in Eastern Time, so a customer on the US West Coast had until 3:59 pm local time. A withdrawal started late in the day also needs time to finish, so the safe plan was to send coins out well before the evening rather than in the final hour.
Each coin needed its own decision. If you held ADA and SOL, selling one did nothing for the other, and both balances faced the same cutoff. The same was true of a customer holding all three: three balances, one deadline, and three separate choices between selling, swapping, and withdrawing.
The proceeds from the forced sale were real cash in your account, and they were also a sale for tax purposes. That second point is easy to miss, because you never pressed the sell button, yet the sale still happened in your name and at the market price of that evening.
Which coins returned in November 2024?
On November 13, 2024, Robinhood Crypto added Solana (SOL), Pepe (PEPE), Cardano (ADA), and XRP for customers in the United States, which brought the number of coins it offered for trading to 19. Two of the three coins from the 2023 delisting came back that day. MATIC was absent from the list (source: Robinhood, November 2024 listing).
The return reopened trading in SOL and ADA, and it left the old positions where the 2023 sale had put them. Coins sold at the cutoff had already become cash, so buying SOL or ADA on November 13, 2024 or later opened a new position at the price on the screen that day. That position has its own spread and its own cost basis, the price you pay that the tax calculation later starts from. The route for that buy, from the coin's detail screen through the order review, is in how to buy crypto on Robinhood.
Today both coins are fully tradable on Robinhood. Polygon appears under the ticker POL as real-time market data only, with trading in it closed (source: Robinhood, Crypto availability). A POL price on your screen is a quote to watch, and the menu of coins you can buy is a separate list that currently leaves it out.
Pepe and XRP completed the November 2024 list of four. Pepe is a memecoin, a token whose value rests on internet culture and community attention, and Pepe (PEPE) on Robinhood covers what it is and how it trades. Memecoins and network tokens such as SOL and ADA behave differently, and Robinhood memecoins walks through the memecoin side of the menu.
The pattern across 2022 to 2024 is worth holding on to. A coin can be listed, delisted, and listed again, and each step is a platform decision with its own date. Your holding follows those decisions: a listing lets you buy, a delisting forces a sale or a withdrawal, and a return lets you buy again at a fresh price.
Can Robinhood delist a coin again?
Robinhood can end support for a coin again. Its listing committee regularly reviews the coins it offers against internal policies for listing and continued support (source: Robinhood, November 2024 listing). The committees also hold the power to remove any coin from the platform for a range of reasons (source: Robinhood Markets, 2025 10-Q).
Regulation is the trigger Robinhood names most directly. If the SEC or a court asserts or decides that a coin Robinhood Crypto supports is a security, the company might stop offering trading in that coin in the United States, which includes ending support for it on the platform. It might also remove other coins on its own initiative because they look similar to the one in question (source: Robinhood Markets, 2025 10-Q).
That second sentence matters for holders. A delisting can reach a coin that was never named in any lawsuit, simply because it resembles a coin that was. June 2023 followed the first half of that pattern: an SEC allegation about three coins, made in cases against other platforms, was enough for Robinhood to end support for all three.
Delistings also carry a cost for Robinhood. Ending support for a coin with strong market interest has brought the company negative attention and lost revenue. Its past decisions to stop supporting coins also drew a wave of customer complaints (source: Robinhood Markets, 2025 10-Q). In 2023 the company paired its decision with a stated legal reason and a message to customers well ahead of the cutoff.
The 2023 timeline, a little over two weeks from the June 9 announcement to the June 27 cutoff, is the one precedent on record. Plan as if the next notice could be similar or shorter, and treat any coin you hold on a broker as a listing that can change. Coins in a wallet you control sit outside any brokerage menu decision, because the platform can only sell what it holds for you.
What should you do when Robinhood ends support for a coin?
When Robinhood announces the end of support for a coin, you have until the stated cutoff to choose your own exit: sell it for cash, swap it for another eligible coin, or withdraw it to a wallet you control. Whatever is still in the account after the cutoff is sold for you at market prices (source: Decrypt, June 9, 2023).
- Write down the exact cutoff, including the time and the time zone, as soon as you see the notice.
- Decide whether you want to keep the coin or exit it.
- To keep it, withdraw it to a wallet you control on the coin's own network, and start the transfer well before the cutoff.
- To exit, sell it yourself for cash or for a coin that stays supported, using an order type you choose.
- If you do nothing, expect a market sale after the cutoff and a cash credit for the proceeds.
- Save the record of every sale, including the forced one, with when it happened, how many coins were sold, and the dollar amount.
The withdrawal steps on the app are in how to withdraw crypto from Robinhood, and the address has to belong to the same blockchain as the coin you send.
The forced sale counts as a sale for tax purposes. In the United States, digital assets are treated as property, so selling a coin for dollars is a disposal that goes on your return. You report it on Form 8949, and the gain or loss is the sale proceeds minus your basis, which is generally what you paid in US dollars. A coin held for one year or less before the sale gives a short-term gain or loss (source: IRS, Digital assets).
Say you bought 500 ADA for $150, still held them at the cutoff, and the market sale credited $140. That is a $10 capital loss ($140 minus $150). Because Cardano was listed on Robinhood in September 2022, any ADA bought there had been held for less than a year at the June 2023 cutoff, so every gain or loss from that sale was short-term. The figures are illustrative; your own purchase price and sale credit are what the calculation needs.
Platforms that hold coins for their customers report the gross proceeds of sales on Form 1099-DA for transactions on or after January 1, 2025 (source: IRS, Digital assets). A forced sale from any future delisting would therefore reach the IRS on that form. The basics of reporting are in crypto taxes for beginners.
How do you trade Solana on BloFin?
If the delisting history has you looking for another way to trade SOL, BloFin offers SOL/USDT Spot and the SOLUSDT Perpetual. Spot means you buy and hold the coin. The perpetual is a futures contract with no expiry date that tracks the SOL price and uses margin.
Spot fits a holder who wants the coin. A market buy on SOL/USDT Spot fills at the best ask and pays the taker fee, while a limit order that rests in the order book pays the maker fee when it fills. The SOL you buy sits in your account, and you can keep it there or withdraw it to a wallet you control, which matters if listing decisions on another platform are what brought you here.
The perpetual fits a trader who wants exposure to the SOL price, long or short, without holding the coin. It uses margin, so a move against the position can lead to liquidation, when the platform closes it because the margin left is too small to support it. Perpetuals also carry a funding rate, a periodic payment between long and short holders that keeps the contract price close to the spot price, so the cost of holding a position changes over time.
The two products answer different questions. SOL/USDT Spot answers whether you want to own SOL, and the size is the amount of SOL you are willing to keep through a sharp fall. The SOLUSDT Perpetual answers whether you want to trade the price move, and the size has to be one your margin can carry through a move against you without reaching the liquidation price.
Both markets show the bid, the ask, and your fee rate before you send an order, so the cost of the trade sits next to the price. Compare the maker and taker rates for spot and perpetuals on the BloFin fee schedule before you choose the market and the order type.
Getting started with SOL on BloFin
Before your first SOL order on BloFin, decide three things in this order: the market, spot or perpetual; the loss you will accept on the trade; and the price where your stop loss goes. The position size then follows from those numbers, and the order is ready only when all three are written down.
Say you would accept losing 20 USDT on this trade, and you place your stop loss 5 USDT below your entry price on SOL/USDT Spot. Each SOL then risks 5 USDT, so the position size is 20 divided by 5, which is 4 SOL. If the price falls to your stop, the loss is about 20 USDT plus fees, the amount you chose before you entered.
The same arithmetic works on the SOLUSDT Perpetual, with one extra check. Leverage changes how much margin the position needs, and it leaves the loss at your stop unchanged, so 4 SOL of exposure still loses about 20 USDT at a stop 5 USDT away. The liquidation price has to sit beyond your stop loss, so the stop closes the trade first and the margin you posted never reaches zero.
Set a take profit level as well, the price where you will close the trade in profit, so the exit is decided while you are calm. Then compare the size that filled with the size you planned. If they differ, reduce the next order, because the plan only holds when the filled size matches the loss you set. If SOL itself is new to you, how to buy Solana explains the coin and the SOL/USDT Spot market before you size a trade.
Looking to trade SOL? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the SOL/USDT Spot trading page or SOLUSDT Perpetual page.
Frequently asked questions
Can you still buy Solana and Cardano on Robinhood?
Solana and Cardano are fully tradable on Robinhood again. You can trade both in the app and on web classic with market maker routing, in the app with fee tiers, and on Robinhood's desktop trading product with fee tiers, and both are viewable there (source: Robinhood, Crypto availability). Any position you open now is a new holding with its own price and basis. Coins that a customer held through the forced sale became cash at that point and were never returned as coins.
Is Polygon (POL) tradable on Robinhood?
Polygon shows up on Robinhood as POL, and you can watch its live price in the app and on web classic, but you cannot place an order in it. Robinhood is clear that market data for a coin is no indication of any plan to list that coin (source: Robinhood, Crypto availability). MATIC was absent from the November 2024 return as well, so the POL quote is information about the market, and the coins you can actually buy on Robinhood are a separate, shorter list.
Did the SEC take action against Robinhood Crypto itself?
Robinhood Crypto received investigative subpoenas from the SEC covering its coin listings, custody, and operations. On May 4, 2024 it received a Wells Notice, a letter telling the company that SEC staff had made a preliminary decision to recommend an enforcement case. The SEC's enforcement division then closed its investigation on February 21, 2025 and told the company it would not recommend action (source: Robinhood Markets, 2025 10-Q). That closed case concerned the company's own conduct, and a finding about an individual coin could still end trading in it.
Is moving crypto to your own wallet a taxable event?
Sending coins between two wallets or accounts that both belong to you is a transfer, and on its own the IRS does not treat it as a digital asset transaction. The exception is a transaction fee paid in crypto, which does count (source: IRS, Digital assets). That is why withdrawing before a cutoff keeps your position open: the coins change location, and any gain or loss stays unrealized until you sell them yourself.
Do you have to report a forced crypto sale on your tax return?
A forced sale is reported like any other sale. Federal returns such as Form 1040 carry a yes or no question about whether you sold or traded any digital asset during the year, or parted with one in another way, and a sale for dollars means the answer is yes. You must report digital asset transactions whether they produced a gain or a loss, so keep the type of coin, the date and time, the number of units, the dollar value at the sale, and your basis (source: IRS, Digital assets).
Does Robinhood still offer a crypto wallet?
Robinhood still offers the Robinhood Wallet, a self-custodial crypto wallet, after ending support for Cardano, Polygon, and Solana in the brokerage account (source: Robinhood Markets, Form 10-Q). Self-custodial means you hold the keys and the coins sit at your own address. The brokerage account and the wallet are separate products, so a coin you had already moved to a wallet before a cutoff sat outside the brokerage sale, while a coin left in the brokerage account was sold.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. Updated October 2026. Primary sources: Robinhood Markets Form 10-Q filings, Decrypt's June 9, 2023 report, Robinhood's November 13, 2024 listing post, and the IRS digital assets guidance. All facts independently verified against cited documentation current as of October 2026.
This article is for informational and educational purposes only. It is not financial, investment, or trading advice. Crypto assets are highly speculative and can lose value. Do your own research and consult a qualified professional for advice on your situation.