.Brazilian electronic financial institution Nubank has actually announced the prompt revocation of trading for its native cryptocurrency, Nucoin. This officially finishes procedures for the token launched in March 2023.Nubank notified its clients on Tuesday that the acquisition and purchase of Nucoin would certainly be actually totally stopped within 15 days. The bank presented possible market dryness as the factor for the abrupt revocation.Transformation choices for Nucoin owners.Depending on to the information discussed due to the regional information media channel, Nubank is actually offering a conversion possibility for customers keeping a minimum of 100 Brazilian reais truly worth of Nucoins.These users can opt for to transform their holdings to either Bitcoin or even USDC. The sale window will level for 90 days, till December 9th." To defend you plus all participants from possible dryness on the market value of Nucoins due to potential responses to this upgrade, our team have decided on to suspend your trading instantly," Nubank specified in an e-mail to its own customers.The bank stated that the holders who don't change their symbols are going to see their Nucoin utilized for the banking company's spruced up benefits system.Nucoin's blockchain traveler attacked half a billion purchases.Nucoin's blockchain traveler has hit half a billion transactions given that its launch. Nevertheless, in spite of those respectable amounts, Nubank has actually made its own choice to relocate far from crypto trading.The bank specified that continuing, Nucoins will definitely be only utilized for redeeming perks within Nubank's community. These advantages might feature price cuts at the financial institution's buying platform as well as access to special company experiences.To reduce the influence of the ending, Nubank has introduced a prize campaign for its 16 thousand Nucoin owners. The promotion features 30 monthly rewards of 1,000 Brazilian reais, a regular monthly award of 100,000 reais, and also a marvelous prize of 1 thousand reais at the project's final thought.Nubank had worked together with Polygon back in 2022. This was for the launch of Nucoin and its own devotion system. The general manager of Nucoin stated back then that Nucoin is actually yet another come in their view in the ability of blockchain technology.Nubank is among the biggest digital banking platforms, which is actually backed through entrepreneurs like Warren Buffett's Berkshire Hathaway.