.Brazilian digital financial institution Nubank has introduced the immediate revocation of investing for its native cryptocurrency, Nucoin. This officially finishes procedures for the token released in March 2023.Nubank informed its own consumers on Tuesday that the acquisition and purchase of Nucoin would certainly be actually completely halted within 15 times. The banking company pointed out potential market volatility as the factor for the unexpected revocation.Conversion options for Nucoin owners.According to the information shared by the regional information media electrical outlet, Nubank is actually supplying a sale possibility for clients having at the very least one hundred Brazilian reais worth of Nucoins.These individuals can select to turn their holdings to either Bitcoin or even USDC. The transformation window will level for 90 days, until December 9th." To guard you plus all attendees from potential volatility out there value of Nucoins as a result of potential reactions to this upgrade, we have actually opted for to suspend your trading immediately," Nubank mentioned in an e-mail to its own customers.The financial institution said that the owners who do not turn their tokens will certainly see their Nucoin made use of for the bank's revamped rewards system.Nucoin's blockchain traveler attacked half a billion transactions.Nucoin's blockchain explorer has reached half a billion transactions considering that its own launch. Having said that, in spite of those nice amounts, Nubank has made its own decision to relocate away from crypto exchanging.The banking company explained that continuing, Nucoins will definitely be only used for compensative advantages within Nubank's ecosystem. These advantages may feature markdowns at the banking company's buying system and also access to special label take ins.To minimize the effect of the ending, Nubank has introduced a reward campaign for its own 16 million Nucoin holders. The promo features 30 regular monthly awards of 1,000 Brazilian reais, a month to month prize of 100,000 reais, and also a grand reward of 1 million reais at the project's conclusion.Nubank had teamed up along with Polygon back in 2022. This was actually for the launch of Nucoin and its loyalty program. The general supervisor of Nucoin said back then that Nucoin is yet another come in their view in the ability of blockchain innovation.Nubank is among the biggest digital banking platforms, which is actually backed through capitalists like Warren Buffett's Berkshire Hathaway.