Revolut delists Cardano, Polygon, and Solana in US market

Jun. 29, 2023

By Mike Dalton

The SEC identified those assets as securities in cases against Coinbase and Binance.

in an email sent to U.S.-based users on June 28, U.K. fintech firm Revolut announced that it is ending support for three major cryptocurrencies.

The company stated that U.S. users will not be able to buy Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app, effective immediately.

At a later, unspecified date, users will no longer be able to hold or sell those cryptocurrencies. After that date, Revolut will automatically sell the tokens and deposit the equivalent cash into each user’s Revolut account.

The delisting only affects a small portion of the company’s supported coins. Revolut currently supports more than 80 tokens, according to its website.

At present, the new policy applies to users of the U.S. Revolut app. The company is primarily a U.K. service but has recently expanded to the U.S. and elsewhere.

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