.Brazilian digital financial institution Nubank has actually revealed the immediate revocation of trading for its own native cryptocurrency, Nucoin. This officially ends procedures for the token released in March 2023.Nubank updated its customers on Tuesday that the acquisition and also purchase of Nucoin will be actually permanently stopped within 15 times. The financial institution presented possible market volatility as the explanation for the sudden suspension.Sale choices for Nucoin owners.Depending on to the details shared due to the regional updates media channel, Nubank is actually offering a transformation choice for consumers holding at least 100 Brazilian reais worth of Nucoins.These consumers can opt for to turn their holdings to either Bitcoin or even USDC. The sale window will definitely level for 90 times, up until December 9th." To secure you and all attendees coming from prospective dryness available worth of Nucoins as a result of prospective responses to this update, our team have opted for to suspend your exchanging quickly," Nubank said in an e-mail to its own clients.The bank stated that the holders that do not convert their mementos will definitely observe their Nucoin utilized for the banking company's revamped rewards course.Nucoin's blockchain explorer reached half a billion purchases.Nucoin's blockchain traveler has actually reached half a billion transactions since its launch. However, even with those good numbers, Nubank has produced its choice to relocate off of crypto exchanging.The bank said that moving on, Nucoins will certainly be actually solely made use of for compensative benefits within Nubank's environment. These advantages might feature rebates at the financial institution's buying system and also accessibility to special company take ins.To reduce the influence of the ending, Nubank has actually introduced a prize campaign for its own 16 thousand Nucoin owners. The advertising features 30 monthly awards of 1,000 Brazilian reais, a monthly prize of 100,000 reais, and also a splendid award of 1 million reais at the initiative's final thought.Nubank had teamed up with Polygon back in 2022. This was for the launch of Nucoin as well as its loyalty program. The overall manager of Nucoin explained back then that Nucoin is one more action in their idea in the capacity of blockchain technology.Nubank is one of the most extensive electronic banking platforms, which is actually backed by investors like Warren Buffett's Berkshire Hathaway.