.Brazilian electronic banking company Nubank has actually revealed the quick suspension of trading for its indigenous cryptocurrency, Nucoin. This formally ends procedures for the token introduced in March 2023.Nubank educated its own customers on Tuesday that the purchase and sale of Nucoin would certainly be actually permanently stopped within 15 days. The financial institution mentioned potential market volatility as the factor for the unexpected suspension.Transformation possibilities for Nucoin holders.According to the details discussed due to the regional information media outlet, Nubank is providing a sale option for customers keeping at least one hundred Brazilian reais truly worth of Nucoins.These customers may choose to transform their holdings to either Bitcoin or USDC. The transformation home window are going to level for 90 days, up until December 9th." To shield you plus all attendees from prospective volatility in the market value of Nucoins because of potential reactions to this improve, our team have selected to suspend your investing immediately," Nubank said in an email to its own consumers.The bank said that the owners that don't transform their mementos will definitely see their Nucoin utilized for the banking company's remodelled perks program.Nucoin's blockchain explorer hit half a billion transactions.Nucoin's blockchain explorer has actually reached half a billion purchases due to the fact that its own launch. However, despite those suitable amounts, Nubank has actually created its choice to move away from crypto trading.The bank specified that moving forward, Nucoins will be specifically used for redeeming benefits within Nubank's community. These benefits might include rebates at the financial institution's shopping system and access to special company take ins.To minimize the impact of the ending, Nubank has revealed an award advocate its own 16 thousand Nucoin holders. The promo includes 30 month-to-month awards of 1,000 Brazilian reais, a month-to-month award of 100,000 reais, and a huge reward of 1 million reais at the project's verdict.Nubank had collaborated with Polygon back in 2022. This was actually for the launch of Nucoin as well as its commitment program. The standard manager of Nucoin specified at that time that Nucoin is actually an additional action in their view in the potential of blockchain technology.Nubank is just one of the largest digital financial systems, which is actually supported by capitalists like Warren Buffett's Berkshire Hathaway.