Revolut delists Cardano, Polygon, and Solana in US market

in an e-mail despatched to U.S.-based customers on June 28, U.Okay. fintech agency Revolut introduced that it’s ending help 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 now not be capable to maintain or promote these cryptocurrencies. After that date, Revolut will routinely promote the tokens and deposit the equal money into every person’s Revolut account.

The delisting solely impacts a small portion of the corporate’s supported cash. Revolut at the moment helps greater than 80 tokens, in response to 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 mentioned that it’s delisting the above belongings due to altering legal guidelines and laws within the U.S. Although the corporate didn’t particularly establish the Safety and Alternate 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 latest 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 choice however offered CryptoSlate with a duplicate of the e-mail that it despatched to its clients.

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