.Brazilian digital bank Nubank has actually introduced the urgent revocation of investing for its native cryptocurrency, Nucoin. This officially finishes functions for the token introduced in March 2023.Nubank updated its customers on Tuesday that the acquisition and purchase of Nucoin would be totally halted within 15 times. The financial institution presented prospective market volatility as the factor for the abrupt suspension.Sale options for Nucoin holders.According to the details shared due to the local information media outlet, Nubank is using a sale choice for consumers holding a minimum of one hundred Brazilian reais really worth of Nucoins.These customers can decide on to convert their holdings to either Bitcoin or USDC. The conversion home window will definitely level for 90 times, till December 9th." To defend you plus all participants from possible volatility in the marketplace value of Nucoins as a result of prospective responses to this update, our company have decided on to suspend your exchanging instantly," Nubank specified in an email to its own consumers.The financial institution mentioned that the owners that do not turn their souvenirs will definitely see their Nucoin utilized for the financial institution's revamped rewards program.Nucoin's blockchain explorer hit half a billion deals.Nucoin's blockchain explorer has hit half a billion transactions considering that its own launch. Having said that, even with those respectable varieties, Nubank has produced its decision to move out of crypto exchanging.The bank stated that moving forward, Nucoins will be actually solely utilized for redeeming advantages within Nubank's ecological community. These perks might consist of discounts at the financial institution's buying platform and also access to special brand name take ins.To reduce the influence of the ending, Nubank has actually announced a prize campaign for its 16 million Nucoin owners. The promotion includes 30 month-to-month rewards of 1,000 Brazilian reais, a month-to-month prize of 100,000 reais, and a marvelous prize of 1 million reais at the project's verdict.Nubank had actually teamed up along with Polygon back in 2022. This was for the launch of Nucoin as well as its support program. The overall supervisor of Nucoin stated at that time that Nucoin is another step in their view in the potential of blockchain technology.Nubank is among the most extensive digital financial systems, which is backed through clients like Warren Buffett's Berkshire Hathaway.