Revolut to Delist Solana, Cardano, Polygon Tokens for US Users

July 3, 2023, 6:36 PM UTC

UK-based fintech app Revolut will stop offering Solana, Cardano and Polygon’s tokens for US customers after its provider Bakkt Holdings Inc. decided to delist the cryptocurrencies.

The change comes as the US Securities and Exchange Commission labeled the tokens as unregistered securities in its lawsuits against crypto exchanges Coinbase Global Inc. and Binance Holdings in June.

Customers of the US Revolut app will be able to exit the three tokens until Sept. 18, after which the platform will automatically sell any remaining tokens at the market price and convert them into dollar deposits, according to an email to ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.