In an email sent to US users on June 28th, the UK-based fintech company Revolut officially announced that they will cease support for three major cryptocurrencies.
As a result, users in the United States will no longer be able to purchase Cardano (ADA), Polygon (MATIC), and Solana (SOL) through their app, and this decision will take immediate effect.
The announcement states that one day after delisting, users will no longer be able to hold or sell those cryptocurrencies. And starting from the following Monday, Revolut will automatically sell the tokens and send the equivalent cash amount to each user’s Revolut account.
According to the information presented on the website, Revolut currently supports over 80 tokens. Therefore, the delisting only affects a small portion of the company’s supported cryptocurrencies.
Revolut explains that the decision to delist these assets is due to regulatory changes in the United States, which have compelled the company to take this action.
Not only Revolut, but other cryptocurrency exchanges and platforms have also delisted similar assets in recent weeks. Robinhood announced that they would delist ADA, MATIC, and SOL on June 9th, while Bakkt declared that they would delist those coins on June 16th.