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Revolut Launches Crypto Staking to 25 Million Customers

Fintech Magazine | Joanna England | Feb 7, 2023

Revolut crypto and staking - Revolut Launches Crypto Staking to 25 Million CustomersRevolut 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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NCFA Jan 2018 resize - Revolut Launches Crypto Staking to 25 Million CustomersThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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