London-based Revolut plans to stop offering Solana, Cardano, and Polygon for US customers on September 18, after its provider Bakkt decided to delist the tokens
Yueqi Yang / Bloomberg :
Context & Ripple Effects
This is a cascade, not an isolated call: Bakkt had already delisted Solana, Polygon, and Cardano in mid-June, citing the lack of regulatory clarity on offering those coins compliantly (Bakkt's proactive delisting). Because Revolut sources its US crypto offering through Bakkt, the provider's risk decision now flows straight through to Revolut's American customers.
The same three tokens were also cut by Robinhood in late June following its review in light of the SEC lawsuits against Coinbase and Binance (Robinhood's parallel delisting) — so Revolut is the second major consumer platform to drop this exact basket, and its exposure runs through a B2B infrastructure layer rather than a direct legal review.
First-order effects
- US Revolut customers holding Solana, Cardano, or Polygon have until September 18 to exit or transfer those positions before the tokens become unavailable on the app.
- Bakkt's delisting decision is now propagating through its client base: any other consumer platform relying on Bakkt for US crypto rails faces the same forced removal.
Second-order effects
- Token projects lose another US retail distribution channel — with Robinhood and Revolut both out, the same asset basket has been squeezed off two major consumer apps within weeks, pressuring liquidity and US market access.
- Crypto-as-a-service providers like Bakkt are becoming the choke point: their individual compliance calls now silently reprice risk for every fintech that white-labels their rails, shifting delisting authority away from the consumer brands themselves.
Third-order effects
- If the pattern holds, US retail access to non-Bitcoin/non-Ethereum assets consolidates around whichever intermediaries can defend their listings legally, while neobanks and brokerages default to provider-driven de-risking rather than making their own regulatory judgments.
- The separation between consumer-facing crypto brands and their underlying infrastructure providers becomes a systemic vulnerability: one provider's regulatory read can strip tokens from millions of end users at once, which regulators and platforms alike will have to account for.
The trend: SEC enforcement pressure is pushing crypto delisting decisions upstream into B2B infrastructure providers, letting a single provider's compliance call shrink US retail access across many consumer apps at once.