🎉United Kingdom 🇬🇧: Neobank Revolut launches independent app for its cryptocurrency platform

🎉United Kingdom 🇬🇧: Neobank Revolut launches independent app for its cryptocurrency platform

After facing regulatory challenges that forced Storonsky and Jacenk to suspend services in the United Kingdom 🇬🇧 and the U.S. 🇺🇸, the British-Lithuanian fintech is shifting its focus back to crypto. Learning from past hurdles, Revolut now reinforces its commitment to regulatory compliance, particularly in the UK.

▶️ The newly launched Revolut X app supports trading of 200 tokens, with plans to expand its offerings. It applies a 0-0.9% commission for miners and primarily targets young traders. Its main competitors in this segment are Binance and Coinbase.

▶️ Context: This launch is complemented by a recent partnership with MetaMask, strengthening its presence in the Web3 space.

▶️ Corporate outlook: It was recently reported that the company has started collaborations with Spanish authorities 🇪🇸to allow users to pay taxes via Revolut Terminal… but that’s no longer related to crypto.

#news #crypto #US #Europe

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