.Brazilian electronic financial institution Nubank has announced the immediate revocation of exchanging for its native cryptocurrency, Nucoin. This formally finishes operations for the token launched in March 2023.Nubank updated its own customers on Tuesday that the investment and also purchase of Nucoin would certainly be completely stopped within 15 times. The banking company presented possible market volatility as the cause for the quick suspension.Sale choices for Nucoin owners.Depending on to the particulars shared by the neighborhood updates media channel, Nubank is supplying a transformation choice for customers having at the very least 100 Brazilian reais worth of Nucoins.These customers can easily decide on to change their holdings to either Bitcoin or even USDC. The conversion window will be open for 90 times, up until December 9th." To defend you and all individuals from possible dryness available worth of Nucoins as a result of prospective reactions to this update, our team have opted for to suspend your investing quickly," Nubank said in an email to its own customers.The banking company mentioned that the owners who do not transform their tokens will certainly see their Nucoin utilized for the bank's revamped perks system.Nucoin's blockchain traveler reached half a billion transactions.Nucoin's blockchain explorer has attacked half a billion deals because its launch. Nevertheless, despite those nice numbers, Nubank has made its decision to move away from crypto investing.The banking company specified that progressing, Nucoins will certainly be actually only utilized for redeeming advantages within Nubank's environment. These perks might include price cuts at the banking company's buying system and accessibility to unique brand experiences.To minimize the impact of the discontinuation, Nubank has actually announced a reward advocate its own 16 million Nucoin holders. The advertising includes 30 month-to-month rewards of 1,000 Brazilian reais, a regular monthly reward of 100,000 reais, and a grand reward of 1 thousand reais at the project's conclusion.Nubank had collaborated with Polygon back in 2022. This was for the launch of Nucoin as well as its own commitment system. The basic manager of Nucoin said at that time that Nucoin is actually an additional step in their opinion in the capacity of blockchain technology.Nubank is one of the biggest digital banking systems, which is actually supported by real estate investors like Warren Buffett's Berkshire Hathaway.