Revolut, a crypto-friendly neobank, is preparing to delist several digital assets on its US platform, including Cardano (ADA), Polygon (MATIC), and Solana (SOL). The company announced this decision on its platform in September, according to a spokesperson. On June 29. Revolut informed its US customers about the change, halting the purchase of ADA, MATIC, and SOL immediately. However, customers will still be able to hold and sell these tokens until September 18.
Revolut stated that any remaining tokens after the delisting will be sold on behalf of the customers at the current market price, with the proceeds deposited into their Revolut accounts. The delisting of these tokens is attributed to developments in Revolut's US infrastructure, as the company' s US The crypto service provider has decided to remove these tokens due to changing laws and regulations in the United States.
While Revolut will delist ADA, MATIC, and SOL from its US platform, it clarified that it continues to support these tokens in other jurisdictions outside the United States. The spokesperson emphasized that there are no plans to delist these tokens from other markets where they are still available. The number of cryptocurrencies supported by Revolut varies across locations, with over 115 cryptocurrencies supported in the European Economic Area (EEA) and the UK, while the US platform supports over 33 cryptocurrencies.
Revolut is not the only company delisting ADA, MATIC, and SOL. Other firms such as Robinhood, eToro, and Bakkt have also recently delisted these tokens and ceased their purchase. This comes after the Securities and Exchange Commission (SEC) flagged ADA, MATIC , and SOL as unregistered securities in early June. The SEC took action against major cryptocurrency exchanges Binance and Coinbase regarding these tokens, resulting in their delisting from several platforms.
