.Brazilian electronic banking company Nubank has actually revealed the quick revocation of exchanging for its native cryptocurrency, Nucoin. This officially finishes operations for the token introduced in March 2023.Nubank notified its own customers on Tuesday that the acquisition and sale of Nucoin would be actually entirely halted within 15 days. The banking company pointed out prospective market volatility as the explanation for the quick suspension.Transformation alternatives for Nucoin holders.According to the details discussed due to the regional information media channel, Nubank is actually delivering a transformation option for consumers holding a minimum of one hundred Brazilian reais worth of Nucoins.These consumers may opt for to turn their holdings to either Bitcoin or even USDC. The sale window will certainly be open for 90 times, till December 9th." To safeguard you and all participants coming from possible volatility on the market worth of Nucoins because of prospective responses to this upgrade, our experts have decided on to suspend your investing promptly," Nubank explained in an e-mail to its consumers.The bank said that the owners who don't change their tokens will certainly observe their Nucoin used for the bank's revamped rewards program.Nucoin's blockchain explorer attacked half a billion deals.Nucoin's blockchain explorer has attacked half a billion transactions since its own launch. Having said that, despite those decent varieties, Nubank has actually produced its choice to move far from crypto investing.The banking company stated that proceeding, Nucoins will certainly be solely made use of for compensatory advantages within Nubank's ecological community. These benefits may include savings at the bank's buying system as well as access to exclusive label take ins.To minimize the effect of the ending, Nubank has actually declared a prize campaign for its 16 million Nucoin owners. The promotion includes 30 monthly awards of 1,000 Brazilian reais, a regular monthly award of 100,000 reais, as well as a huge reward of 1 million reais at the project's conclusion.Nubank had actually teamed up along with Polygon back in 2022. This was actually for the launch of Nucoin and its own devotion plan. The standard manager of Nucoin said back then that Nucoin is actually another intervene their belief in the capacity of blockchain technology.Nubank is just one of the most extensive digital financial systems, which is actually backed by real estate investors like Warren Buffett's Berkshire Hathaway.