London-based fintech bank Revolut declared 2021 the year of crypto during its announcement of the addition of 11 new digital tokens to its platform. With these new adjunctions, the digital banking service now has close to 50 cryptocurrencies.
2021 Is All About Cryptocurrency Take Over At Revolut
Revolut has been working over the years to be the ultimate destination for its customers’ financial technology needs. 2021 is all about cryptocurrency take over at Revolut.
The digital banking service explained in a blog post its close observation of the tokens are currently trending. Revolut decided on the 11 new cryptocurrencies they are rolling out on their UK and EU customers from its research.
Added to the list of cryptocurrencies already on the London-based neo-bank, customers can now access Cardano, Bancor, Orchid, Numeraire, Uniswap, EOS, Synthetix, Uma, Yearn Finance, Loopring, and The Graph. These new coins are joining Bitcoin Cash, Litecoin, Stellar (XLM), 0x (ZRX), Ethereum, Tezos (XTZ), Ripple (XRP), OMG Network (OMG), and Filecoin.
All of the tokens are available for the London-based fintech bank’s customers in the UK and EU. Owing to the partnership between Revolut and blockchain infrastructure platform Paxos initialized in 2019, Revolut customers in the US can also access a few of the coins. The cryptocurrencies available for US customers are Bitcoin Cash, Bitcoin, Litecoin, and Ethereum.
Revolut Is Keen On Highlighting the Risks of Cryptocurrency Trading
As it dives deeper into the cryptocurrency market, digital banking service Revolut is keen on reminding its customers of the risks. Although Revolut did not delist Ripple, it warned its customers away from the digital coin.
The London-based fintech bank is taking the same precaution with these new coins. Each currency came with a short description and a reminder of its volatility. With this strategy, Revolut customers can trade well aware of the risks.
Contrary to most cryptocurrency wallets, Revolut users cannot transfer digital coins purchased through the platform out of the London-based neo-bank. Revolut instead keeps these coins in “cold storage” with the biggest movers in the crypto ecosystem.