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Revolut said the ban on storing and buying Cardano (ADA), Polygon (MATIC) and Solana (SOL) through its app for US users is effective immediately. Under the new restrictions, the company will automatically sell the specified cryptocurrencies and then deposit an equivalent amount into users’ accounts.
Revolut’s administration said the delisting of ADA, MATIC and SOL is due to the company’s intention to comply with U.S. laws and regulations. Although the company did not give a specific reason for the delisting, you can see a direct link to the Securities and Exchange Commission (SEC) legal confrontation against Coinbase and Binance. Recall that the SEC refers to ADA, MATIC, and SOL as securities in both cases.
Earlier the cryptocurrency companies Robinhood and Bakkt informed their users about the exclusion of ADA, MATIC and SOL from the list of available for trading assets.