.Brazilian digital financial institution Nubank has actually declared the prompt suspension of investing for its native cryptocurrency, Nucoin. This formally finishes functions for the token launched in March 2023.Nubank notified its clients on Tuesday that the investment and also sale of Nucoin would certainly be actually completely stopped within 15 times. The bank mentioned prospective market dryness as the reason for the quick revocation.Transformation options for Nucoin holders.Depending on to the information discussed due to the regional headlines media channel, Nubank is actually providing a sale possibility for customers keeping a minimum of one hundred Brazilian reais truly worth of Nucoins.These consumers can easily opt for to change their holdings to either Bitcoin or even USDC. The transformation window will definitely be open for 90 times, up until December 9th." To shield you and all participants coming from possible volatility out there value of Nucoins due to potential responses to this upgrade, our team have picked to suspend your exchanging quickly," Nubank explained in an e-mail to its own consumers.The financial institution said that the owners who don't convert their symbols are going to see their Nucoin made use of for the bank's revamped perks program.Nucoin's blockchain traveler reached half a billion purchases.Nucoin's blockchain traveler has attacked half a billion purchases since its own launch. Having said that, regardless of those good numbers, Nubank has actually created its own selection to move off of crypto investing.The banking company said that proceeding, Nucoins will certainly be only made use of for redeeming perks within Nubank's ecological community. These benefits may include discounts at the banking company's purchasing system and also access to unique label experiences.To minimize the influence of the discontinuation, Nubank has actually declared a prize campaign for its 16 thousand Nucoin owners. The advertising includes 30 monthly prizes of 1,000 Brazilian reais, a month to month prize of 100,000 reais, and a grand reward of 1 million reais at the campaign's final thought.Nubank had worked together along with Polygon back in 2022. This was actually for the launch of Nucoin and also its support system. The overall supervisor of Nucoin mentioned at that time that Nucoin is actually yet another come in their belief in the ability of blockchain innovation.Nubank is just one of the biggest electronic banking systems, which is actually supported by entrepreneurs like Warren Buffett's Berkshire Hathaway.