Cryptocurrency-friendly neobank Revolut will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States; however, holding and selling remain available until mid-September.
According to a company spokesperson, Revolut plans to entirely delist tokens such as Cardano, Polygon, and Solana from its platform in September.
Revolut notified its U.S. customers of the change on June 29, stating that purchasing ADA, MATIC, and SOL is promptly closed for all customers. The representative noted that Revolut users can retain and sell these tokens until September 18.
“Any remaining tokens will be sold on your behalf at the prevailing market price.” The USD proceeds will be deposited into your Revolut account,” the company announced to U.S. customers.
Revolut stated that the tokens are being delisted due to its U.S. infrastructure developments.
Due to the altering laws and regulations surrounding cryptocurrency in the United States, our U.S. crypto services provider has decided to delist these tokens, according to Revolut.
A Revolut spokesperson emphasized that the company continues to support the ADA, MATIC, and SOL in jurisdictions outside the United States, stating:
“There are no plans to delist these tokens in other markets, where they remain available.”
The representative added that the number of supported cryptocurrencies on Revolut varies significantly by location. “The European Economic Area and the United Kingdom have more than 115 cryptocurrencies, while the United States has more than 33,” a representative said.
Revolut is one of many companies to delist these three tokens. In the past few weeks, Robinhood, eToro, and Bakkt have all announced the delisting of ADA, MATIC, and SOL, suspending all purchases.
As previously reported, the U.S. Securities and Exchange Commission designated ADA, MATIC, and SOL as unregistered securities at the beginning of June. The allegations were made in two separate lawsuits against two prominent cryptocurrency exchanges, Binance and Coinbase.
