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Revolut Launches Commission-Free Crypto Trading for US Investors
Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments.
Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is allowing U.S. customers to trade as much as $200,000 a month commission-free starting today.
Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments. Users will also be able to send up to 10 international transfers per month fee-free to anyone with a bank account in 30 countries, including the U.K., France, the Philippines, Japan and Australia.
“By breaking down fees, we’re empowering Revolut’s U.S. customers to achieve financial freedom and drive their own financial journey, whether that be opening their first banking account, trading in new financial markets or sending money to loved ones overseas,” said Ron Oliveira, Revolut’s U.S. CEO.
The London-based fintech firm launched in the U.S. in March 2020, and most recently it emerged the firm is looking to launch its own cryptographic token.
Read more: Revolut to Launch Crypto Token: Sources
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
