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Fortune

Leo Schwartz

Bakkt delists Solana, Polygon, and Cardano, citing lack of regulatory clarity

Bakkt SEC Polygon Cardano Solana Crypto Bitcoin Fortune Binance Bittrex

Dan O'Prey, chief product officer of Bakkt (Credit: Eva Marie Uzcategui—Bloomberg/Getty Images)

Just over two months after completing a $155 million acquisition of trading infrastructure provider Apex Crypto, the New York–based digital assets platform Bakkt is delisting three of the largest cryptocurrencies by market cap: Solana, Polygon, and Cardano.

Bakkt general counsel and secretary Marc D’Annunzio told Fortune in a statement the company was taking proactive measures “until there is further clarity on how to compliantly offer a more extensive list of coins.”

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