.Brazilian electronic banking company Nubank has actually revealed the urgent revocation of trading for its native cryptocurrency, Nucoin. This officially finishes procedures for the token released in March 2023.Nubank notified its own consumers on Tuesday that the purchase and also sale of Nucoin would be actually entirely halted within 15 times. The bank pointed out possible market volatility as the cause for the unexpected suspension.Transformation choices for Nucoin holders.Depending on to the details shared by the local area news media outlet, Nubank is actually delivering a sale possibility for clients having at the very least 100 Brazilian reais truly worth of Nucoins.These consumers may pick to convert their holdings to either Bitcoin or USDC. The transformation window will definitely be open for 90 times, till December 9th." To defend you and all individuals from potential dryness out there worth of Nucoins because of potential responses to this improve, our experts have actually picked to suspend your exchanging immediately," Nubank explained in an email to its clients.The financial institution explained that the holders who don't convert their mementos will definitely observe their Nucoin utilized for the bank's renewed rewards program.Nucoin's blockchain explorer hit half a billion transactions.Nucoin's blockchain explorer has struck half a billion transactions considering that its launch. However, regardless of those suitable numbers, Nubank has created its own selection to move far from crypto exchanging.The bank stated that proceeding, Nucoins will definitely be actually exclusively utilized for compensatory advantages within Nubank's community. These benefits might include price cuts at the bank's shopping system and accessibility to unique brand name take ins.To decrease the influence of the discontinuation, Nubank has declared a prize advocate its 16 million Nucoin holders. The promotion features 30 month to month awards of 1,000 Brazilian reais, a monthly prize of 100,000 reais, as well as a splendid reward of 1 million reais at the project's verdict.Nubank had actually worked together with Polygon back in 2022. This was for the launch of Nucoin and also its loyalty course. The basic manager of Nucoin mentioned back then that Nucoin is actually yet another step in their opinion in the potential of blockchain modern technology.Nubank is among the largest electronic financial platforms, which is actually backed through investors like Warren Buffett's Berkshire Hathaway.