Revolut, a crypto-friendly neobank, is delisting ADA, MATIC and SOL on its platform in the United States due to regulatory developments in the country.
Revolut Claimed That the Coins Are Being Delisted as a Result of Developments in the U.S.
Revolut, a crypto-friendly neobank, is delisting ADA, MATIC and SOL on its platform in the United States due to regulatory developments in the country.
The change was announced to U.S. customers on June 29, and all clients are no longer able to purchase these tokens. Revolut customers can still hold and sell these tokens until September 18, after which any unsold tokens will be sold on their behalf.
Revolut claimed that the coins are being delisted as a result of developments in the U.S. and a decision by its U.S. crypto services provider to do so in light of evolving legal and regulatory frameworks governing cryptocurrencies. Nevertheless, Revolut continues to support ADA, MATIC, and SOL in other countries outside of the US.
Revolut is not alone in delisting these particular tokens, as companies like Robinhood, eToro, and Bakkt have also announced delistings over the past few weeks, immediately halting purchases. ADA, MATIC, and SOL were labeled as unregistered securities by the U.S. Securities and Exchange Commission (SEC) in early June.
