in an e mail despatched to U.S.-based customers on June 28, U.Okay. fintech agency Revolut introduced that it’s ending assist for 3 main cryptocurrencies.
The corporate acknowledged that U.S. customers will be unable to purchase Cardano (ADA), Polygon (MATIC), and Solana (SOL) by means of its app, efficient instantly.
At a later, unspecified date, customers will not have the ability to maintain or promote these cryptocurrencies. After that date, Revolut will mechanically promote the tokens and deposit the equal money into every consumer’s Revolut account.
The delisting solely impacts a small portion of the corporate’s supported cash. Revolut at present helps greater than 80 tokens, based on its web site.
At current, the brand new coverage applies to customers of the U.S. Revolut app. The corporate is primarily a U.Okay. service however has not too long ago expanded to the U.S. and elsewhere.
Delisting follows high-profile SEC instances
Revolut stated that it’s delisting the above belongings due to altering legal guidelines and rules within the U.S. Although the corporate didn’t particularly determine the Safety and Trade Fee’s ongoing instances in opposition to Coinbase and Binance, each of these instances identify ADA, MATIC, and SOL as securities.
Different exchanges and crypto platforms have delisted the identical belongings in current weeks. Robinhood introduced that it will delist ADA, MATIC, and SOL on June 9, whereas Bakkt introduced it will delist these cash on June 16.
Revolut didn’t present any additional touch upon its determination however supplied CryptoSlate with a replica of the e-mail that it despatched to its prospects.
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