- Revolut will cease providing ADA, MATIC, and SOL for customers in america beginning September 18, 2023.
- The British neobank’s announcement got here after its service supplier Bakkt delisted the tokens.
- The neobank clarified that there have been no plans to delist the tokens in different markets.
- ADA, MATIC, and SOL have been listed as unregistered securities within the SEC’s current lawsuits in opposition to Binance and Coinbase.
London-based Revolut has introduced that it’ll delist three mainstream crypto tokens from the American model of its platform. The British neobank will cease providing Cardano (ADA), Solana (SOL), and Polygon (MATIC) to prospects primarily based in america beginning September 18, 2023. The crypto tokens boast a mixed market capitalization of greater than $24 billion.
Delisting Will Be Restricted To Revolut’s American Customers
In response to a report by Bloomberg, Revolut’s prospects will be capable of dump ADA, SOL, and MATIC from their accounts until September 18, 2023, following which the cryptocurrencies will mechanically be transformed to USD deposits. The British neobank’s newest transfer got here after its service supplier Bakkt Holdings’ delisted the crypto tokens final month on account of growing regulatory uncertainty in america. The agency informed its prospects that the delisting of SOL, ADA, and MATIC can be restricted to america with different markets remaining unaffected.
Our US crypto providers supplier has determined to delist these tokens as a result of altering legal guidelines and laws round cryptocurrency within the US. Due to this, we’ll now not be capable of course of your purchase and promote orders for these tokens.”
Revolut
Apparently, MATIC and ADA surged following the information of their imminent delisting from Revolut. In the meantime, SOL noticed a slight lower in its worth. The three cryptocurrencies have been beforehand delisted by the social buying and selling platform eToro and California-based brokerage Robinhood as effectively. The tokens have been additionally listed as unregistered securities within the U.S. Securities and Alternate Fee’s (SEC) current lawsuits in opposition to crypto exchanges Binance and Coinbase.