Revolut brings crypto trading to U.S. customers
Fintech startup Revolut is launching cryptocurrency trading in the U.S.
The London-based company launched its debit card in the U.S. in March, but some of the advanced features, including cryptocurrency trading, were absent.
Now, through a partnership with Paxos, Revolut offers users in 49 U.S. states (Tennesee is excluded) the ability to buy Bitcoin and Ethereum in one step. Users can store their cryptocurrency in the app and cash out instantly, whenever they want. There are no hidden fees when purchasing and selling cryptocurrencies; the exchange rate shown is exactly the rate at which the coins are converted.
Revolut's version of storing cryptocurrency is not quite the same as holding it in a non-custodian wallet, as users can only send crypto to other Revolut users. I've checked with Revolut, and a company spokesperson confirmed via e-mail that customers cannot currently transfer their cryptocurrencies to an external wallet. This, however, "is a focus for the product team going forward," he told me.
Other features include being able to round up your card payments to the nearest whole dollar and automatically convert that spare change into cryptocurrency.
Revolut offers access to more cryptocurrencies, including Litecoin, Bitcoin Cash and XRP, in Europe. The company says it will provide access to other coins in the "near future," in the U.S. as well.
Revolut's feature set is still richer in Europe, where the company offers three debit card tiers (Standard, Premium and Metal) vs. only two in the United States, for example. This should change soon. The spokesperson told me that the company is working on introducing numerous new features to the U.S. market, including commission-free stock trading, commodities trading, rewards and cash-back incentives, and business accounts.
As far as adoption goes, he told me that the company currently has more than 120,000 customers in the U.S.
SEE ALSO:Coinbase reportedly prepping to go public, and the good times are back!Revolut launched in 2016, attaining more than 10 million customers globally with a combo of low fees, aggressive marketing and a rich set of features. Revolut's mobile app consolidates a debit card, a bank account, a trading account for stocks, cryptocurrencies and commodities, travel insurance and more. The company's latest round of funding came in February, when Revolut raised $500 million at a $5.5 billion valuation.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
(责任编辑:产品中心)
-
Norris stuns Verstappen at Dutch GP
ZANDVOORT:McLaren's Lando Norris stormed to victory at the Dutch Grand Prix Sunday, a superb dri ...[详细] -
...[详细]
-
王某在年底时和公司解约,因此没有得到年终奖。王某申请劳动仲裁并获得支持,公司对于结果不服起诉。记者昨天获悉,市一中院判决公司败诉,需支付年终奖。据悉,王某在2012年底时与公司协议解除了劳动关系,公司 ...[详细]
-
随着互联网技术的不断发展,客户网络化需求不断多元化,为满足客户日益增长的金融服务需求,多家银行正持续加快科技创新和产品创新的步伐,并围绕互联网用户社交平台推出微信银行。上周五(1月3日),邮储银行同时 ...[详细]
-
Apple to start manufacturing iPhone Pro in India, report claims
The first iPhone Pro models to be made in India could be coming as soon as September or October this ...[详细] -
早春时节,金灿灿的黄果柑挂满枝头。石棉县宰羊乡坪阳村村民苟年强组织了多位当地村民在自家果园内疏果、修枝。3年前,按照百公里百万亩乡村振兴果蔬产业带建设规划,宰羊乡定位“有机农产品供给基地、生态农业采摘 ...[详细]
-
雅安日报/北纬网讯 2月3日下午2时50分左右,家住芦山县太平镇春光村的何某夫妇,带着患病孩子到医院治病。他们乘坐一辆电动三轮车到医院外后,因给孩子看病心切,下车后带着孩子就往医院赶。但在拿钱交费时, ...[详细]
-
2018年1月24日,我市市、县两级监委全部完成组建挂牌,标志着我市监察体制改革试点工作迈出了重要一步。一年来,全市各级纪检监察机关把讲政治贯穿纪检监察体制改革全过程,统筹运用纪法“两把尺子”,全面履 ...[详细]
-
17 Spectacular Outdoor Staircases
Spotting a steep set of stairs might elicit a groan from many. But in the right environment, a set o ...[详细] -
雅安日报/北纬网讯日前,中国农业发展银行雅安分行以下简称:农发行雅安分行)传来喜讯,一份由农发行四川省分行下达的贷款审批书抵达该行。“这是我行第一笔林业资源与保护贷款,该笔贷款顺利通过省分行贷审会审议 ...[详细]