23 April, 2024

Revolut Adds 29 More Crypto Tokens For U.S. Users

21 Sep, 2022

12 Dec, 2023

Revolut, a digital bank and financial technology company based in the United Kingdom, has just extended support for 29 additional tokens in preparation for expanding its operations in the United States. Tokens such as Solana (SOL), Avalanche (AVAX), Shiba Inu (SHIB), and Dogecoin (DOGE), to name just a few, were among those that were included in the update.

Revolut’s global business director for crypto, Mazen Eljundi, was quoted as saying in the release that the company had today that they’ve more than tripled their token portfolio to provide their consumers access to a considerably more comprehensive crypto offering.  He also said that trading is fee-free up to a monthly limit of $200 000.

As part of its strategy to become one of the key cryptocurrency hubs providing services to clients in the United States, Revolut plans to, at some point in the future, implement a full-scale staking service.

Furthermore, just recently, Revolut had a partnership with Paxos in the past to offer cryptocurrency asset custody for its US operations; however, the company severed ties with Paxos at the beginning of August.

In related developments, the worldwide digital payments platform was recently the target of a relatively minor cybersecurity attack, which resulted in the hacker gaining illegal access to the personal data of thousands of clients located in Europe and Lithuania.

As a direct consequence of the breach, the personally identifiable information of about 0.16 percent of Revolut’s customer base was exposed. According to reports, hackers accessed the company’s networks by using strategies known as “social engineering.” Convincing an employee to give up his or her security credentials is the goal of these techniques.


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