.Brazilian electronic banking company Nubank has actually revealed the urgent revocation of exchanging for its indigenous cryptocurrency, Nucoin. This officially ends procedures for the token introduced in March 2023.Nubank updated its customers on Tuesday that the acquisition as well as purchase of Nucoin would certainly be actually completely stopped within 15 times. The bank presented prospective market dryness as the factor for the unexpected suspension.Transformation possibilities for Nucoin holders.Depending on to the particulars discussed due to the local information media outlet, Nubank is delivering a transformation choice for customers holding at the very least one hundred Brazilian reais truly worth of Nucoins.These users can easily pick to convert their holdings to either Bitcoin or even USDC. The sale window will certainly level for 90 times, till December 9th." To guard you plus all attendees coming from prospective volatility in the market worth of Nucoins as a result of potential reactions to this improve, we have decided on to suspend your trading promptly," Nubank specified in an e-mail to its clients.The banking company stated that the owners that do not transform their tokens will definitely observe their Nucoin used for the financial institution's remodelled benefits program.Nucoin's blockchain explorer reached half a billion purchases.Nucoin's blockchain traveler has actually attacked half a billion purchases considering that its own launch. Nevertheless, despite those good varieties, Nubank has actually made its selection to move away from crypto trading.The financial institution specified that continuing, Nucoins are going to be actually specifically made use of for compensative benefits within Nubank's ecological community. These advantages might consist of markdowns at the bank's shopping system as well as accessibility to special brand experiences.To reduce the impact of the discontinuation, Nubank has introduced a prize campaign for its 16 thousand Nucoin holders. The promo features 30 monthly awards of 1,000 Brazilian reais, a month to month reward of 100,000 reais, and also a splendid reward of 1 thousand reais at the campaign's final thought.Nubank had actually collaborated along with Polygon back in 2022. This was for the launch of Nucoin as well as its own loyalty program. The general manager of Nucoin explained at that time that Nucoin is actually one more intervene their belief in the possibility of blockchain innovation.Nubank is among the biggest electronic financial systems, which is backed through investors like Warren Buffett's Berkshire Hathaway.