Revolut adds 22 new cryptocurrencies to its list
Revolut’s increase in crypto offerings is key to cementing ‘super app’ status
Image source: RevolutCrypto/Revolut.
Revolut has announced the release of 22 new cryptocurrencies available to customers in the UK and EEA, taking the number of tokens available to well over 40.
This is the third major addition of cryptocurrencies for sale on its platform since the fintech giant decided to allow bitcoin purchases in 2017.
With a tenth of the population holding crypto and Britain ranking first for crypto and DeFi activity in Europe, offering the 22 new tokens in the UK seems like a sound strategy.
New tokens include metaverse giants ApeCoin (APE) and Sandbox (SAND).
APE is the crypto dropped in March by Bored Ape Yacht Club, creators of the popular “Bored Ape” NFTs and Sandbox is the third largest Ethereum blockchain-based metaverse, has been around since 2013.
Two notable DeFi tokens have also been added: the Payments Protocol Request (REQ) and the Ethereum Classic (ETC) blockchain development platform.
“We’ve given our offering a big boost while giving people more control over their finances and giving them secure access to new tools and services built in crypto,” said Emil Urmanshin, Chief Crypto Officer at Revolution.
Crypto has been central to Revolut’s quest to become the global one-stop-shop banking provider.
In July, the London-based company unveiled its “learn to earn” crypto courses, where customers were rewarded with Polkdadot (DOT) tokens upon completion of the course.
Last year, AltFi reported that Revolut had closed a job posting on LinkedIn for a technical crypto manager, with the role requiring the employee to set up a Revolut crypto exchange.
A few months prior, Revolut undertook its second major token release, adding 11 more cryptos including Cardano (ADA), Uniswap (UNI), and Filecoin (FIL) to its roster.