Understanding Revolut | Blockworks Intel

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What is Revolut?

Revolut is a London-based fintech company known primarily for its digital banking services, with a growing emphasis on cryptocurrency trading and financial technology solutions1 2. Here’s an overview of its key features and recent developments:

Digital Banking and Fintech Services

Originally launched in 2015, Revolut started as a platform for money transfers and currency exchange, and has since expanded into a full suite of digital banking and financial services2.
As of 2025, the company has secured a UK banking license (currently operating under some restrictions during an initial “mobilization” stage), and serves over 45 million global customers1 2.

Cryptocurrency Trading & Products

Crypto Trading Services: Revolut has provided crypto trading services since 2017, allowing its users to buy, sell, and hold cryptocurrencies directly through its app. Its offerings are user-friendly, supporting features like fractional trading for beginners3.
Revolut X Exchange: In 2024, Revolut launched a dedicated crypto exchange platform named Revolut X in the UK, later expanding to 30 additional European markets and offering access to over 200 cryptocurrencies. This platform offers advanced analytics, integration with TradingView, real-time trading tools, and competitive fees (0% maker and 0.09% taker fees)4 5 6.
Accessibility: To use Revolut X, users must have a UK or EEA-based Revolut account. The platform is positioned to compete with leading crypto exchanges by making it easy for retail and professional traders to access the crypto market7 8 6.
Limits: While Revolut’s original app is beginner-friendly, advanced features (such as external wallet transfers) were limited, but have been improved with Revolut X. Still, some restrictions remain, such as limited staking options and support for certain blockchains3.

Partnerships and Industry Position

DeFi and Data Oracles: Revolut has entered strategic partnerships, such as with Pyth Network, to contribute price data to decentralized finance (DeFi) apps, marking a convergence of traditional and decentralized finance9.
Investment and Valuation: The company is one of the world’s most valuable fintech startups, recently planning to sell $500 million worth of employee-owned shares, targeting a $45 billion valuation1.

Summary Table

Feature	Details
Headquarters	London, UK
Users	45+ million globally
Banking License	Secured in the UK (with restrictions, as of July 2024)
Crypto Platform	Revolut X (launched 2024, 200+ assets, advanced analytics)
Fees	0% maker, 0.09% taker on Revolut X
Partnerships	Notable: MetaMask, Pyth Network (DeFi data publishing)
Notable Growth	£344M profit in 2023, rapid global user expansion

Revolut is recognized as a pioneer in merging digital banking with cryptocurrency trading, providing both simple app-based solutions for beginners and advanced platforms for experienced traders, all underpinned by regulatory progress and innovative fintech partnerships1 5 9 2+2.

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