Revolut to Take Down US Crypto Services, Blames Regulators: What\'s Happening?

Amid major uncertainty in the US crypto regulatory landscape, British banking app Revolut has decided to stop offering crypto trading services to US customers starting. Digital bank Revolut is closing its U.S. crypto platform citing an uncertain regulatory environment, the firm confirmed to CoinDesk. This shocking news comes as Revolut announced the discontinuation of its cryptocurrency services in the United States.

But what led to this abrupt decision? Revolut is closing its cryptocurrency platform in the U.S, citing regulatory uncertainty. U.S. customers will not be able to buy cryptocurrencies on the platform anymore.

This decision comes shortly after the company’s move to provide accounts to Revolut, which suspended the purchase of ADA, MATIC and SOL on its platform. Revolut initially gave its US users until September 18 to sell their holdings. With the deadline several weeks away, the closure is a surprise to many. The decision does not affect Revolut’s customers outside of the U.S.

Were you impacted by Revolut\'s decision to shut down its crypto services in the US? Find out more about the reasons behind the move and what it means for the future of crypto trading in the United States.