.Brazilian digital banking company Nubank has announced the urgent suspension of exchanging for its own indigenous cryptocurrency, Nucoin. This officially ends functions for the token introduced in March 2023.Nubank notified its own clients on Tuesday that the purchase and sale of Nucoin would be permanently halted within 15 days. The banking company presented possible market dryness as the factor for the abrupt suspension.Sale choices for Nucoin owners.Depending on to the particulars discussed due to the neighborhood updates media channel, Nubank is offering a sale option for consumers having at least 100 Brazilian reais well worth of Nucoins.These users can choose to convert their holdings to either Bitcoin or even USDC. The sale window are going to level for 90 times, until December 9th." To guard you plus all attendees coming from potential volatility on the market value of Nucoins as a result of prospective reactions to this upgrade, we have decided on to suspend your investing immediately," Nubank said in an e-mail to its own customers.The bank explained that the holders that don't turn their tokens will definitely see their Nucoin made use of for the banking company's renewed benefits system.Nucoin's blockchain traveler reached half a billion purchases.Nucoin's blockchain traveler has struck half a billion deals considering that its own launch. Having said that, regardless of those nice amounts, Nubank has produced its choice to relocate far from crypto exchanging.The financial institution said that progressing, Nucoins are going to be actually exclusively made use of for compensatory advantages within Nubank's ecosystem. These benefits may consist of discount rates at the financial institution's buying system and also access to exclusive brand name encounters.To lessen the impact of the ending, Nubank has declared a reward campaign for its own 16 thousand Nucoin owners. The promotion includes 30 monthly awards of 1,000 Brazilian reais, a regular monthly reward of 100,000 reais, as well as a splendid prize of 1 thousand reais at the initiative's conclusion.Nubank had collaborated with Polygon back in 2022. This was for the launch of Nucoin as well as its devotion course. The overall supervisor of Nucoin stated back then that Nucoin is yet another step in their idea in the ability of blockchain technology.Nubank is just one of the biggest electronic banking platforms, which is actually supported through real estate investors like Warren Buffett's Berkshire Hathaway.