.Brazilian electronic bank Nubank has revealed the quick revocation of trading for its indigenous cryptocurrency, Nucoin. This officially ends operations for the token launched in March 2023.Nubank informed its clients on Tuesday that the investment as well as sale of Nucoin would certainly be actually permanently stopped within 15 days. The banking company presented possible market dryness as the reason for the abrupt suspension.Sale possibilities for Nucoin owners.Depending on to the particulars shared due to the neighborhood news media channel, Nubank is actually delivering a conversion option for customers having at least 100 Brazilian reais worth of Nucoins.These customers can opt for to transform their holdings to either Bitcoin or USDC. The transformation window will definitely be open for 90 days, till December 9th." To safeguard you and all attendees coming from potential volatility available value of Nucoins because of possible reactions to this improve, our company have opted for to suspend your exchanging instantly," Nubank said in an email to its own clients.The bank mentioned that the owners that don't convert their symbols will definitely see their Nucoin utilized for the bank's renewed rewards course.Nucoin's blockchain explorer reached half a billion transactions.Nucoin's blockchain explorer has actually attacked half a billion deals considering that its launch. Nevertheless, despite those nice amounts, Nubank has created its own choice to move far from crypto trading.The financial institution specified that proceeding, Nucoins are going to be actually specifically used for redeeming perks within Nubank's ecosystem. These advantages might consist of price cuts at the financial institution's buying system and access to exclusive label encounters.To minimize the influence of the discontinuation, Nubank has announced a prize advocate its 16 thousand Nucoin owners. The promotion consists of 30 month-to-month rewards of 1,000 Brazilian reais, a month to month award of 100,000 reais, and also a huge award of 1 million reais at the project's verdict.Nubank had actually collaborated with Polygon back in 2022. This was for the launch of Nucoin as well as its own support program. The overall supervisor of Nucoin mentioned back then that Nucoin is actually an additional action in their opinion in the capacity of blockchain modern technology.Nubank is just one of the biggest digital financial platforms, which is actually supported through capitalists like Warren Buffett's Berkshire Hathaway.