.Brazilian electronic banking company Nubank has declared the quick suspension of exchanging for its native cryptocurrency, Nucoin. This formally finishes operations for the token introduced in March 2023.Nubank informed its own consumers on Tuesday that the investment as well as sale of Nucoin would certainly be actually totally stopped within 15 times. The banking company mentioned potential market volatility as the main reason for the sudden suspension.Sale choices for Nucoin owners.Depending on to the information discussed by the local area headlines media channel, Nubank is offering a sale alternative for consumers keeping at the very least one hundred Brazilian reais truly worth of Nucoins.These individuals may decide on to change their holdings to either Bitcoin or USDC. The transformation home window will definitely level for 90 days, until December 9th." To shield you and all individuals coming from possible volatility out there worth of Nucoins due to potential reactions to this update, we have chosen to suspend your trading quickly," Nubank said in an e-mail to its own customers.The banking company explained that the holders who do not transform their tokens will observe their Nucoin made use of for the bank's spruced up benefits program.Nucoin's blockchain traveler hit half a billion deals.Nucoin's blockchain traveler has reached half a billion purchases considering that its own launch. Having said that, in spite of those good numbers, Nubank has made its own choice to relocate far from crypto exchanging.The bank mentioned that proceeding, Nucoins will certainly be actually specifically used for compensatory benefits within Nubank's ecosystem. These benefits may consist of discounts at the financial institution's purchasing platform and access to special company experiences.To decrease the effect of the ending, Nubank has announced an award advocate its own 16 million Nucoin owners. The promotion consists of 30 regular monthly awards of 1,000 Brazilian reais, a monthly award of 100,000 reais, as well as a marvelous reward of 1 thousand reais at the campaign's conclusion.Nubank had worked together with Polygon back in 2022. This was actually for the launch of Nucoin as well as its own loyalty program. The standard supervisor of Nucoin mentioned back then that Nucoin is another action in their opinion in the potential of blockchain technology.Nubank is among the largest electronic financial platforms, which is actually backed by capitalists like Warren Buffett's Berkshire Hathaway.