4-8-2023 (LONDON) Revolut, the British fintech company, has announced that it will be discontinuing access to cryptocurrencies for its U.S. customers. The decision comes as a response to the regulatory environment and the prevailing uncertainty in the crypto market in the United States.
In a statement released on Friday, a spokesperson for Revolut explained, “Due to the evolving regulatory landscape and the uncertainties surrounding the crypto market in the U.S., we have made the difficult decision, in collaboration with our U.S. banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.”
Starting from September 2nd, U.S. customers will no longer have the option to purchase cryptocurrencies on the Revolut platform. Furthermore, from October 3rd, all buying, selling, and holding of cryptocurrencies will be disabled for U.S. customers.
Revolut has clarified that this decision will impact less than 1 percent of its global customer base who engage with cryptocurrencies through the platform.
