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Revolut to suspend cryptocurrency services in US

• Revolut, the cryptocurrency-friendly trading neobank, is discontinuing its crypto services in the United States due to regulatory uncertainty.
• Following the partial delisting of certain digital assets, Revolut has decided to suspend all crypto services for US users.
• Starting from September 2, 2023, Revolut will work with its US banking partner to suspend access to crypto through its platform. By October 3, the firm will completely shut down crypto services on Revolut.
• This decision will only affect “just 1%” of Revolut’s global crypto customers. The neobank will continue to operate its non-crypto business in the US.
• Revolut will communicate all relevant information regarding the suspension to its US crypto customers via email. The dedicated support team will address any concerns.
• In late June, Revolut US announced the delisting of cryptocurrencies like Cardano (ADA), Polygon (MATIC), and Solana (SOL). The company planned to proceed with delistings in September.
• Other major crypto services, such as, have also faced difficulties in servicing their US customers recently.

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