Revolut, a British financial technology company, has announced that it will delist the cryptocurrency assets Polygon, Solana, and Cardano from its US-based platform. The company cited evolving regulations in the United States as the reason for the decision.
In a blog post, Revolut said that it is “committed to providing our customers with a safe and compliant platform to trade cryptocurrencies.” However, the company said that the “evolving regulatory landscape in the United States” has made it difficult to offer these tokens to US customers.
Revolut said that it will give US customers until September 18 to sell their Polygon, Solana, and Cardano tokens. After that date, the tokens will be delisted from the platform.
The delisting of these tokens is the latest in a series of regulatory actions against cryptocurrency exchanges and platforms in the United States. In June, the Securities and Exchange Commission (SEC) sued two major cryptocurrency exchanges, Coinbase and Binance, for allegedly selling unregistered securities. The SEC has also taken action against other cryptocurrency platforms, such as Bakkt and Robinhood.
The delisting of these tokens is likely to have a significant impact on the cryptocurrency market in the United States. Polygon, Solana, and Cardano are all popular cryptocurrencies with large market capitalizations. Their delisting from Revolut will make it more difficult for US investors to access these tokens.
It remains to be seen how the SEC’s actions will affect the broader cryptocurrency market. However, the delisting of these tokens is a sign that the regulatory landscape for cryptocurrencies in the United States is becoming more stringent.
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