Fintech giant Revolut is suspending cryptocurrency services in the US due to the uncertain regulatory environment.
The decision comes after the company announced the partial delisting of certain digital assets from its platform. Starting from September 2, Revolut will stop allowing access to cryptocurrency through its platform.
Additionally, they will discontinue all cryptocurrency services for US customers by October 3. The company clarified that this withdrawal from the US market would affect only “1%” of its global crypto customers.
Revolut reassured its users that its non-crypto business in the United States will continue to operate as usual. Despite the difficult decision, the company aims to address the disappointment of its US crypto customers.
Revolut plans to email all relevant information about suspending cryptocurrency services via email to its affected customers. The support team will also be available to address any concerns or questions through the in-app chat.
In late June, they mentioned delisting several cryptocurrencies, including ADA from Cardano, MATIC from Polygon, and SOL from Solana. By then, Revolut supported around 30 cryptocurrencies in total in the US.
Other crypto services have also faced challenges in serving American consumers, with Crypto.com announcing its decision to halt services to institutional clients in the US midway through June.
