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Fortune

Ben Weiss

$33 billion startup Revolut cites ‘evolving regulatory environment’ in decision to end crypto service to U.S. customers

Revolut United States Crypto SEC Environment Binance Coinbase fintech

Nik Storonsky speaks on stage at a conference in Brazil. (Credit: Piaras Ó Mídheach—Sportsfile for Web Summit Rio/Getty Images)

Yet another company is exiting the U.S. crypto market because of regulations—or the lack thereof.

On Friday, Revolut, a U.K.-based fintech firm valued at $33 billion in its last funding round, told U.S.-based customers in an email they will no longer be able to place buy orders for digital assets as of Sept. 2, a spokesperson for the firm confirmed to Fortune.

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