in an electronic 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 won’t be able to purchase Cardano (ADA), Polygon (MATIC), and Solana (SOL) by way of its app, efficient instantly.
At a later, unspecified date, customers will now not be capable to maintain or promote these cryptocurrencies. After that date, Revolut will robotically 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, in keeping with 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 just lately expanded to the U.S. and elsewhere.
Delisting follows high-profile SEC instances
Revolut stated that it’s delisting the above property 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 title ADA, MATIC, and SOL as securities.
Different exchanges and crypto platforms have delisted the identical property in current weeks. Robinhood introduced that it could delist ADA, MATIC, and SOL on June 9, whereas Bakkt introduced it could delist these cash on June 16.
Revolut didn’t present any additional touch upon its resolution however offered CryptoSlate with a replica of the e-mail that it despatched to its prospects.
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