Brazil's Largest Digital Bank Nubank Halts Trading of Own Cryptocurrency Nucoin
Publication Time:2024-09-11 10:32:07
Brazil's largest digital bank, Nubank, has announced the cessation of trading for its own cryptocurrency, Nucoin. This decision marks the end of the bank's cryptocurrency business since its launch in March 2023. For customers holding at least 100 Brazilian Real worth of Nucoins, they have the option to convert them into Bitcoin or USDC (a stable coin pegged to the US dollar). Customers must complete this conversion by December 9, within the 90-day timeframe. If Nucoin holders do not make a choice before the deadline, their cryptocurrencies will be held for accumulation and potential future rewards from the loyalty program.
Cryptocurrency
Nubank
Nucoin
Trading Suspension