Revolut expands crypto offering in UK and Europe with addition of 20 tokens

Rick Steves

Revolut said it is exploring ways to introduce crypto withdrawals in Europe to allow customers to send out their tokens from Revolut to external wallets and exchanges.

Revolut has expanded the financial superapp’s investment offering with the release of 22 new crypto tokens, represents a growth of 8 times compared to the beginning of the year 2021.

The crypto offering has now surpassed 80 instruments available for customers in the United Kingdom and the European Economic Area.

The new tokens available to users include the Metaverse token APE, two DeFi tokens: REQ, ETC, and a collection of other tokens such as CLV, FORTH, AVAX, SAND, GALA, AXS, JASMY, ENS, DASH, FLOW, IMX, CRO, IDEX, REN, SPELL, PERP, BICO, COTI, and MLN.

Emil Urmanshin, Crypto General Manager at Revolut, commented: “This is another big year of crypto, and we’ve given a big boost to our offering while empowering people to take more control of their finances and giving them safe access to new tools and services being built in crypto the space”.

Revolut allows users to gain exposure to cryptoassets and leverage a number of tools, including limit orders so they don’t have to time the market, and the Recurring Buy feature to average out volatility. In addition, customers can round up spare change during their daily shopping and put it aside in cryptocurrency of their choice, the firm stated.

Revolut plans withdrawals to external wallets and exchanges

All crypto tokens are available to customers in all plans. For lower commissions, Revolut allows customers with the Standard account to update to paid plans. For customers in the Metal plan in the UK, Revolut has released a beta programme for BTC withdrawals.

Revolut said it is exploring ways to introduce crypto withdrawals in Europe to allow customers to send out their tokens from Revolut to external wallets and exchanges.

In Britain, numbers show the increased interest of Revolut customers in crypto assets: this year, the number of British customers buying cryptocurrencies grew by 6%, and the number of transactions they made by 20%, compared with the same period of 2021.

Cryptocurrencies are not regulated and are not protected by investor compensation schemes and trading may be subject to tax.

Revolut wants to widen access to crypto despsite the high risk of losses due to the extremely volatile nature of the asset class.

Read this next

Digital Assets

Midas launches investment strategies for the ‘crypto winter’

Midas.Investments has released three new investment strategies on its custodial CeDeFi platform, creating new opportunities during the ‘crypto winter’.   The platform merges diverse approaches to digital asset management into single-click products to let investors gain steady profits in any market conditions — including the ongoing bear market. a custodial CeDeFi platform, CeDeFi: Unlocking the […]

Digital Assets Wallet adds several ERC-20 tokens

The product expansion includes representatives of the DeFi world, the Metaverse, and the largest stablecoins.

Market News

Savvy Investors to Profit Whether the Stock Market Rebounds or Not

Equities have gone up enormously since the low. SP500 has gained 13.88% since June 17. In August, the indices drifted sideways. On Wall Street, veteran investors expect a move in either direction.

Industry News

Wall Street-backed MEMX obtains SEC approval for options trading platform

The company has raised more than $135 million in funding from 18 stock trading and investing heavyweights, including BlackRock, Citadel Securities, and Morgan Stanley.

Industry News

Amundi US launches ESG strategy that seeks to outperform S&P 500

Amundi’s Responsible investing team includes more than 45 specialists, and its ESG analysis covers more than 13,500 issuers across debt and equity.

Industry News

Verto launches embedded FX payments solution

The Verto API automates currency conversions, tracks payments and exchange rates in real-time, and is being launched in the follow-up of a $10 million in Series A funding last year.

Industry News

SEC awards over $16m to whistleblowers after another successful enforcement action

The program is 10 years-old and has arguably played a critical role in the Division of Enforcement’s ability to effectively detect wrongdoing, protect investors and the marketplace, and bring violators to justice.

Digital Assets

Ripple submits most succint explanation of Hinman issue in XRP lawsuit

It might be useful to get up to date as this could be the end of the road for the SEC.

Retail FX

TradingView integrates first Brazilian broker, Órama Investimentos

Órama offers all kinds of investment products, from fixed income to crypto-related funds.