A British fintech company and neobank, Revolut, has announced that it will stop supporting some cryptocurrencies.
In an email sent to U.S. users on June 28, Revolut said they would no longer be able to purchase Cardano (ADA), Polygon (MATIC), and Solana (SOL) through its app.
After an unspecified date, users will no longer be able to store or sell these digital assets, according to the CryptoSlate website.
In addition, saved tokens will automatically be sold, and the equivalent amount will be sent to each user's account.
Revolut made this decision after the U.S. Securities and Exchange Commission designated them as securities.
It is important to note that the delisting will only affect a small portion of Revolut's list of supported tokens, which includes more than 80 coins.
It is worth noting that the list of platforms removing a number of tokens from their portfolio of available assets is growing rapidly. Robinhood and Bakkt have also recently announced the removal of these coins.
Also read: Revolut had reduced fees for trading digital assets.
Founded in 2015, Revolut offers stocks of more than 800 U.S. and international companies, cryptocurrencies, and precious metals for investment.
