.Brazilian digital banking company Nubank has revealed the immediate revocation of trading for its native cryptocurrency, Nucoin. This officially ends functions for the token introduced in March 2023.Nubank updated its own clients on Tuesday that the purchase and sale of Nucoin will be completely halted within 15 times. The bank mentioned prospective market volatility as the explanation for the quick suspension.Sale possibilities for Nucoin owners.According to the details discussed by the local area updates media outlet, Nubank is supplying a transformation alternative for consumers holding at least one hundred Brazilian reais truly worth of Nucoins.These consumers can easily pick to turn their holdings to either Bitcoin or even USDC. The transformation window will level for 90 days, up until December 9th." To defend you and all individuals from prospective dryness in the market value of Nucoins due to potential responses to this improve, we have opted for to suspend your investing promptly," Nubank stated in an email to its own customers.The bank specified that the owners that do not turn their souvenirs will definitely observe their Nucoin utilized for the bank's overhauled rewards program.Nucoin's blockchain explorer reached half a billion purchases.Nucoin's blockchain traveler has actually reached half a billion deals since its own launch. Having said that, in spite of those decent numbers, Nubank has created its choice to relocate away from crypto trading.The financial institution said that moving on, Nucoins will definitely be specifically made use of for compensatory benefits within Nubank's community. These benefits may feature discounts at the bank's buying system and accessibility to unique brand name take ins.To reduce the effect of the ending, Nubank has actually introduced a prize advocate its 16 thousand Nucoin holders. The advertising consists of 30 regular monthly prizes of 1,000 Brazilian reais, a monthly award of 100,000 reais, and a splendid reward of 1 thousand reais at the project's verdict.Nubank had teamed up along with Polygon back in 2022. This was actually for the launch of Nucoin and also its own loyalty course. The basic manager of Nucoin mentioned during that time that Nucoin is an additional action in their idea in the ability of blockchain innovation.Nubank is one of the most extensive digital financial platforms, which is actually supported through investors like Warren Buffett's Berkshire Hathaway.