United

Solana

Chair

Gary

Polygon

<div class="sg-post-des">
 Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said. 
</div> 
<div class="cointelegraph"> 
 Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. 
 Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to <a rel="noopener noreferrer nofollow" title="suspend" href="https://thebittimes.com/tag/suspend.html">suspend</a> all <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4. 
 Together with its U.S. banking partner, Revolut will be working to suspend access to crypto through its platform starting from Sept. 2, 2023. The firm then will completely shut down crypto services on Revolut on Oct. 3, a spokesperson for the online bank said, adding: 
 <blockquote>
 “The access to cryptocurrencies through Revolut will be fully disabled and US customers will no longer be able to buy, sell, or hold any cryptocurrencies.” 
 </blockquote> 
 The Revolut representative emphasized that the decision to leave the U.S. market will impact “just 1%” of the company’s global <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> customers. The representative also stressed that Revolut will continue to operate its non-<a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> business in the United States. 
 “This decision has not been taken lightly, and we understand the disappointment this may cause,” the spokesperson for Revolut noted. 
 Crypto customers in the U.S. will soon find all relevant information regarding the suspension in the email communication they received from Revolut. “Our dedicated support team is available to address any concerns and questions our U.S. crypto customers may have via our in-app chat,” the statement added. 
 Related: Coinbase pauses staking <a rel="noopener noreferrer nofollow" title="services" href="https://thebittimes.com/tag/services.html">services</a> in four US states following regulators’ orders 
 As previously reported, Revolut US announced delisting of cryptocurrencies like Cardano (ADA), Polygon (MATIC) and Solana (SOL) in late June. The company was planning to proceed with delistings in September. As of late July, Revolut supported a total of roughly 30 cryptocurrencies in the United States. 
 Some major crypto services have also been struggling to continue servicing their customers in the United States recently. Crypto.com, a major global crypto exchange, announced the suspension of services to institutional clients in the U.S. in mid-June. 
 Magazine: Crypto regulation — Does SEC Chair Gary Gensler have the final say? 
 <template data-name="subscription_form" data-type="defi_newsletter"></template> 
</div>

Revolut to suspend cryptocurrency services in US

TheBitTimes

Other articles published on Aug 4, 2023

Crypto firm “DEBT Box” faces SEC lawsuit for $50 million fraudulent scheme

Bitcoin price taps $29.3K as data shows 'most resilient' US jobs market

Judge Jackson Cites Ripple Ruling In Binance Vs US SEC

How to Burn an NFT?

Ex Goldman Associates-Led Firm Launches T-Bills Backed Stablecoin

Curve Founder Sold a total of 72M $CRV through OTC

Join our free newsletter for daily crypto updates!