1 year ago
Revolut’s suspension of cryptocurrency services successful the United States volition impact 1% of their full planetary idiosyncratic base, the steadfast said.
Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services successful the United States amid the ongoing regulatory uncertainty.
Soon aft announcing a partial delisting of definite integer assets from its platform, Revolut took a determination to suspend each crypto services for U.S. users, the steadfast said successful a connection to Cointelegraph connected Aug. 4.
Together with its U.S. banking partner, Revolut volition beryllium moving to suspend entree to crypto done its level starting from Sept. 2, 2023. The steadfast past volition wholly unopen down crypto services connected Revolut connected Oct. 3, a spokesperson for the online slope said, adding:
“The entree to cryptocurrencies done Revolut volition beryllium afloat disabled and US customers volition nary longer beryllium capable to buy, sell, oregon clasp immoderate cryptocurrencies.”The Revolut typical emphasized that the determination to permission the U.S. marketplace volition interaction “just 1%” of the company’s planetary crypto customers. The typical besides stressed that Revolut volition proceed to run its non-crypto concern successful the United States.
“This determination has not been taken lightly, and we recognize the disappointment this whitethorn cause,” the spokesperson for Revolut noted.
Crypto customers successful the U.S. volition soon find each applicable accusation regarding the suspension successful the email connection they received from Revolut. “Our dedicated enactment squad is disposable to code immoderate concerns and questions our U.S. crypto customers whitethorn person via our in-app chat,” the connection added.
Related: Coinbase pauses staking services successful 4 US states pursuing regulators’ orders
As antecedently reported, Revolut US announced delisting of cryptocurrencies similar Cardano (ADA), Polygon (MATIC) and Solana (SOL) successful precocious June. The institution was planning to proceed with delistings successful September. As of precocious July, Revolut supported a full of astir 30 cryptocurrencies successful the United States.
Some large crypto services person besides been struggling to proceed servicing their customers successful the United States recently. Crypto.com, a large planetary crypto exchange, announced the suspension of services to organization clients successful the U.S. successful mid-June.
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