.Brazilian electronic banking company Nubank has announced the immediate revocation of trading for its own native cryptocurrency, Nucoin. This formally finishes procedures for the token launched in March 2023.Nubank updated its consumers on Tuesday that the investment and also purchase of Nucoin would certainly be actually completely stopped within 15 times. The financial institution cited possible market dryness as the factor for the quick suspension.Sale options for Nucoin holders.Depending on to the details discussed by the nearby headlines media channel, Nubank is actually giving a transformation alternative for customers holding a minimum of one hundred Brazilian reais really worth of Nucoins.These customers may opt for to turn their holdings to either Bitcoin or even USDC. The conversion window will definitely be open for 90 times, up until December 9th." To protect you and all participants coming from possible dryness available worth of Nucoins as a result of possible reactions to this improve, our company have selected to suspend your investing promptly," Nubank explained in an email to its own customers.The banking company mentioned that the owners who do not convert their mementos will certainly observe their Nucoin used for the banking company's renewed rewards system.Nucoin's blockchain traveler hit half a billion deals.Nucoin's blockchain traveler has actually reached half a billion deals considering that its own launch. Having said that, even with those suitable numbers, Nubank has created its selection to relocate out of crypto exchanging.The bank specified that moving forward, Nucoins will definitely be actually solely made use of for compensative perks within Nubank's community. These advantages might consist of price cuts at the financial institution's purchasing system as well as access to special brand take ins.To lessen the influence of the ending, Nubank has actually introduced a prize campaign for its 16 thousand Nucoin owners. The advertising features 30 regular monthly awards of 1,000 Brazilian reais, a month to month reward of 100,000 reais, and also a grand award of 1 million reais at the project's verdict.Nubank had teamed up along with Polygon back in 2022. This was for the launch of Nucoin as well as its loyalty plan. The general supervisor of Nucoin mentioned back then that Nucoin is another intervene their view in the capacity of blockchain innovation.Nubank is one of the biggest digital banking systems, which is actually supported by real estate investors like Warren Buffett's Berkshire Hathaway.