Revolut delists Cardano, Polygon, and Solana in US market

in an email sent to U.S.-based users connected June 28, U.K. fintech steadfast Revolut announced that it is ending enactment for 3 large cryptocurrencies.

The institution stated that U.S. users volition not beryllium capable to bargain Cardano (ADA), Polygon (MATIC), and Solana (SOL) done its app, effectual immediately.

At a later, unspecified date, users volition nary longer beryllium capable to clasp oregon merchantability those cryptocurrencies. After that date, Revolut volition automatically merchantability the tokens and deposit the equivalent currency into each user’s Revolut account.

The delisting lone affects a tiny information of the company’s supported coins. Revolut presently supports much than 80 tokens, according to its website.

At present, the caller argumentation applies to users of the U.S. Revolut app. The institution is chiefly a U.K. work but has precocious expanded to the U.S. and elsewhere.

Delisting follows high-profile SEC cases

Revolut said that it is delisting the supra assets due to the fact that of changing laws and regulations successful the U.S. Though the institution did not specifically place the Security and Exchange Commission’s ongoing cases against Coinbase and Binance, some of those cases sanction ADA, MATIC, and SOL arsenic securities.

Other exchanges and crypto platforms person delisted the aforesaid assets successful caller weeks. Robinhood announced that it would delist ADA, MATIC, and SOL connected June 9, portion Bakkt announced it would delist those coins connected June 16.

Revolut did not supply immoderate further remark connected its determination but provided CryptoSlate with a transcript of the email that it sent to its customers.

The station Revolut delists Cardano, Polygon, and Solana successful US market appeared archetypal connected CryptoSlate.