Revolut Launches Crypto Staking to 25 Million Customers

February 7, 2023 Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Metaverse, NFTs, Enterprise, FinTech and Alternative Finance, Fintech International, Fintech Services, Fundraising, Investing, Trading, Innovation and Resources, Online Funding / Investing Portals No comments

Fintech Magazine | Joanna England | Feb 7, 2023

Revolut has rolled out its new crypto feature to 25 million customers, via its financial super app to provide more frictionless crypto trading experiences

Revolut launched the crypto feature, called Staking in the UK and EEA, effectively taking another leap forward towards its mission to build the first super app for all-things-money, and is continuing to double-down on its promise to bring greater digital currency services to the banking space.
- New feature unlocks extra benefits for customers investing in crypto with Revolut, giving them the ability to earn rewards for specific tokens (Ethereum, Cardano, Polkadot, and Tezos).
- The rewards are granted in the native token and customers can either stake their existing crypto balances for these tokens or buy and then stake the balance of one or more of the four tokens.
- Customers can set up a ‘stop or limit’ order so they don’t have to time the market or use the Recurring Buy feature to average out volatility.
- Other features also enable users to round up any spare change in a cryptocurrency of their choice, from a list of close to 100 cryptocurrencies.

See: Fintech Revolut Hires Behavioural Team to Improve Criticized Corporate Culture

Emil Urmanshin, General Manager, Revolut:

“Our international expansion continued with the launch of our crypto product in Singapore, as well as receiving crypto authorisations from regulators in the UK, Spain and Cyprus.”

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