As the United States has a high demand for crypto, it comes as no surprise that the innovative bank decided to expand its crypto services to the US. At the moment, Robinhood (NASDAQ:HOOD) is the number one retail crypto app, whilst Coinbase (NASDAQ:COIN) takes second place. Hence, Revolut might throw down a challenge to the aforementioned, as the partnership with Apex Crypto brings a bunch of America’s favorite cryptocurrencies, including:
Staking Products Coming Soon?
Indeed, the innovative solutions of Revolut allow any user of the bank to buy their preferred crypto in a split second. However, the European fintech company is planning to introduce a variety of crypto-related services, including Shiba Inu (SHIB) staking. Furthermore, a system to deposit and withdraw crypto is in the works. At the moment, withdrawing crypto is only available in the United Kingdom and only for Bitcoin (BTC). Ultimately, the culmination of the expansion will be Revolut’s own cryptocurrency, a native token that can be held in a non-custodial wallet.
Why You Should Care
The British fintech giant has over 20 million customers worldwide. Moreover, it’s the only major international bank focused on crypto. With over 250 million monthly transactions, Revolut’s expansion is crucial for crypto.
Learn more about Revolut’s most recent expansion moves in these pieces:
Revolut Receives Regulatory Approval to Offer Crypto Services
Revolut Partners with Polkadot and Launches “Learn to Earn” Feature
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Source: Cryptocurrency - investing.com
