Revolut to Delist Polygon (MATIC), Solana (SOL) and Cardano (ADA) in the US: What You Need to Know
Big news for crypto investors in the US using Revolut! Crypto-friendly neobank Revolut is set to delist Polygon (MATIC), Solana (SOL) and Cardano (ADA) tokens from its trading platform in the United States. The company said in a notice emailed to US customers, informing them of the upcoming changes.
Why is Revolut delisting these cryptocurrencies? Revolut is following major crypto exchanges in the US and delisting Cardano (ADA), Polygon, and Solana for its customers in the country. This decision aligns with trends seen across the crypto market in response to evolving regulatory landscapes.
What Does This Mean for Revolut Users in the US?
The news was shared with Revolut users, outlining the following key dates and actions:
- Halting Purchases: Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers.
- Holding and Selling: Holding and selling remains available until mid-September.
- Complete Delisting: Revolut will end support for three major cryptocurrencies, requiring users to either sell or transfer their holdings before the final delisting date.
Essentially, if you hold MATIC, SOL, or ADA on Revolut in the US, you need to take action. You can either sell your tokens within Revolut before the deadline or transfer them to another wallet or exchange that continues to support these cryptocurrencies. Make sure to check the specific delisting dates provided by Revolut to avoid any complications.
This move reflects a broader trend of adjustments within the US crypto market. Stay informed about your crypto investments and ensure you are prepared for any platform changes that may affect your portfolio.