Trust Wallet’s “zero-fee” crypto purchases through Revolut arrive weeks after the fintech unicorn hit a $75 billion valuation in a private share sale.
Revolut News
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The new platform lands amid a wave of fintech adoption of stablecoins for global transfers, payouts and onchain settlement.
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Revolut completed a private share sale with participation from major investment companies. The transaction also allowed employees to sell shares.
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Revolut has made on and off-ramping to crypto easier by removing fees, spreads and other costs, allowing users to convert USD and stablecoins at a 1:1 ratio.
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Revolut also revealed its Crypto 2.0 platform, which will feature over 280 tokens, zero-fee staking up to 22% APY and 1:1 stablecoin-to-US dollar conversion.
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Revolut’s new job listing reveals plans to build a crypto derivatives business from scratch, leveraging its 50 million-strong global customer base.
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Revolut plans to invest over $1 billion in France, establish an EU headquarters in Paris and apply for a local banking license as it targets rapid expansion in its largest market.
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Revolut doubles profit to 1 billion pounds in 2024, driven by crypto trading growth, 15 million new users and a long-awaited UK banking license.
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Pyth Network partners with Revolut to integrate digital asset data into DeFi, bridging the gap between TradFi and Web3.
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Revolut X’s expansion in the European Economic Area comes after Revolut debuted the crypto exchange in the United Kingdom in May.
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Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”
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Ledger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA countries.
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Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.
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Uncover the step-by-step process for moving fiat from the Revolut banking app into the Revolut X application and trading cryptocurrencies.
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Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
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