Neobank Revolut, known for its crypto-friendly services, is discontinuing its cryptocurrency offerings in the United States due to ongoing regulatory uncertainties. The decision comes shortly after the platform announced the partial delisting of certain digital assets from it s offerings. Revolut revealed that it will suspend all crypto services for its US-based users, with access to cryptocurrencies through its platform set to be suspended from September 2. Complete shutdown of crypto services is planned for October 3, at which point US customers will no longer be able to buy , sell, or hold cryptocurrencies using Revolut.
Revolut Clarified that the move will impact just "1%" of its global cryptocurrency Customers, signaling a lifed impact. Rypto Operations Will Continue to operate in the united states. The decision to exit the us Market Was not taken lightly, and Revolut acknowledged the potential disappointment it could cause to its US crypto customers.
Affected US cryptocurrency customers will receive detailed information about the suspension through Revolut's email communications. The bank's support team will be available through the in-app chat to address any concerns or queries from its US-based crypto customers. Revolut had previously revealed its intention to delist certain cryptocurrencies, including Cardano's ADA, Polygon's MATIC, and Solana's SOL, in late June. The delisting process is expected to be completed by September. Overall, Revolut had been supporting around 30 cryptocurrencies in the US as of July.
In line with Revolut's decision, other major players in the crypto space have also been grappling with providing services to customers in the United States. Crypto.com, a significant global cryptocurrency exchange, announced earlier in June that it would halt services to its US institutional clients. These developments underscore the challenges posed by regulatory uncertainties in the US crypto market.
