Revolut adds more tokens to its platform as crypto demand surges

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  • Revolut started offering cryptocurrency trading services in July 2017, beginning with Bitcoin, ETH, and LTC.
  • The latest additions mean Revolut now has over 30 crypto assets available for its customers to choose from.
  • The company has also assured users that their funds are safe, as the funds are stored in cold storage.

Digital banking service Revolut has gone further in its bid to become a major provider of digital financial services by adding more tokens to its platform. The company announced that it has added 11 new crypto-assets for its customers, which has taken the total tokens offered on the platform to more than 30 crypto assets.

 “You asked for new tokens, we’ve delivered,” Revolut stated in a blog post.

The company also added that it has been looking at the hot tokens to bring to its UK and EU customers.

The 11 new tokens added include The Graph, Cardano, Bancor, Uma, Yearn Finance, Synthetix, Uniswap, Orchid, Loopring, Numeraire, and Filecoin. Revolut started offering cryptocurrency trading services four years ago, beginning with Bitcoin (BTC) before Ethereum (ETH), and Litecoin (LTC) were added.

Security of users’ funds guaranteed

The company has also assured users that their funds are safe, as the funds are stored in cold storage with the best custodians in the industry. Revolut covers 49 U.S states and expanded its operations to Australia last year. Presently, the platform has 15 million customers worldwide.

The company has applied for U.S. and U.K banking licenses, but it already holds an EU license. Of all the 11 coins added, Filecoin is the most expensive coin, valued at £110.42 per token, while the least expensive is Cardano (£0.88 per coin).

Revolut provides token details to customers

Revolut has also added a short detail about each of the recently added tokens to help users get familiarized with the tokens.

The details will also help users make an informed trading decision as they weigh the risk and volatility surrounding the tokens.

Earlier this year, the company warned its customers about the risk of trading Ripple (XRP) following the token’s regulatory issues with the Securities and Exchange Commission (SEC). But many users have continued to trade XRP as long as its partner exchange still offers the opportunity to do so.

Source: https://invezz.com

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