Revolut to Delist Three Cryptocurrencies in the US

Global financial superapp Revolut has decided to delist three cryptocurrencies in the US as a result of regulatory uncertainty.

The cryptocurrencies in question are Cardano's ADA, Polygon's MATIC, and Solana's SOL. But it’s worth noting that support for these cryptocurrencies will still be provided outside of the US. For US-based users, this means that they will no longer be able to buy these three tokens and will have to sell their holdings by September 18. Otherwise, the platform will automatically liquidate all positions with any of these three tokens once the deadline has been met. 

The move comes in the context of Binance and Coinbase's issues with the US Securities and Exchange Commission, which referred to these tokens as unregistered securities. Other companies that view these tokens as unregistered securities include eToro and Robinhood, both of which have also delisted several cryptocurrencies. 

(Source: The Paypers)