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REVOLUT DEEPENS DIGITAL CURRENCY FOCUS WITH 22 NEW TOKENS

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Revolut, the financial super-app with 20 million customers worldwide, today announced another push to the platform’s investment offering with the release of 22 new crypto tokens.

With these latest additions, Revolut’s cryptocurrency service now supports 80+ coins, an increase of x8 when compared to the beginning of 2021.

The newly announced cryptocurrency includes the Metaverse token APE, two DeFi tokens: REQ and ETC, and a wide range 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. It is also available to customers in the UK and EEA.

“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”
                                                      Emil Urmanshin, Crypto General Manager at Revolut.

Through its financial super-app, Revolut provides a wide range of financial goods, with cryptocurrency becoming a more and more popular option. Customers can set up a stop or limit order so they don’t have to time the market or use the Recurring Buy function to average out volatility. There are many other options to buy and sell cryptocurrency on Revolut. Additionally, customers can collect spare change while out shopping and deposit it in the cryptocurrency of their choice.

Revolut consumers in Britain are becoming more interested in crypto assets, as evidenced by the fact that this year’s number of transactions performed by British clients who bought cryptocurrencies increased by 20% over that of 2021.

Users can access all crypto tokens regardless of their plan, and Standard customers can upgrade to premium plans if they’re interested in receiving cheaper commissions. Customers can invest as little as $1 in crypto tokens. Revolut has unveiled a test program enabling Bitcoin withdrawals for users in the UK who are on the Metal plan. To enable users to transmit their tokens from Revolut to external wallets and exchanges, the company is looking into ways to introduce cryptocurrency withdrawals in Europe.

Customers of Revolut are reminded that cryptocurrencies are not subject to regulation and are not covered by investor protection plans. Cryptocurrency tokens are erratic investments with swift price fluctuations. The value of cryptocurrencies has the potential to fluctuate sharply both up and down, and trading may be taxed. Revolut supports increasing access to cryptocurrencies but recognizes that not everyone is a good fit for it. As a result, the business advises users to do their research before buying or selling cryptocurrencies. When buying or selling cryptocurrency, customers should consult unbiased sources, understand the distinctions between tokens, and take their individual situations into account. Money is at risk.

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