Revolut, the UK-based fintech firm, has announced the suspension of its cryptocurrency services in the United States.

This decision, influenced by the evolving regulatory landscape and uncertainties surrounding the crypto market in the U.S., is set to take effect from September 2, 2023.

From this date, U.S. customers will no longer be able to place buy orders for cryptocurrencies on the Revolut platform. “Revolut is actively pursuing alternative means of providing access to crypto products and we hope to offer crypto in the US again in the future,” a Revolut spokesperson told Decrypt.

This change will be followed by a more comprehensive restriction starting from October 3, 2023. At this point, access to cryptocurrencies through Revolut will be fully disabled for U.S. customers. As a result, they will no longer be able to buy, sell, or hold any cryptocurrencies.

“As a result of the evolving regulatory environment and the uncertainties around the crypto market in the US, we’ve taken the difficult decision, together with our US banking partner, to suspend access to cryptocurrencies through Revolut in the U.S.,” the spokesperson said. “This decision has not been taken lightly, and we understand the disappointment this may cause.”

All crypto customers in the U.S. received an email from Revolut informing them of this decision.

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Author: Mattis Meichler

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