​​Revolut Expands Supported Crypto Assets for US Customers Fi | Crypto_NFT

​​Revolut Expands Supported Crypto Assets for US Customers

Fintech company Revolut announced the addition of 29 new crypto assets available to US customers. The Block writes about it.

Among them are Dogecoin, Solana, Avalanche, Shiba Inu. The full list is not specified. Some cryptocurrencies require NYDFS approval.

The initiative has become part of a program to expand services related to digital assets. In the future, it is planned to add a crypto wallet and staking.

Apex Crypto acted as a partner.

In August, Revolut ended its partnership with Paxos. The firm explained the decision by the possibility of expanding the number of supported cryptocurrencies and adding new functionality.

The company expects to win market share from Coinbase and Robinhood.

“We have more than quadrupled our portfolio of cryptocurrencies to provide our clients with access to a much more diversified offering,” said Mazen Eljundi, head of Revolut’s global digital asset business.

The top manager recalled that the company does not charge commissions for transactions with cryptocurrencies up to $200,000 per month. Revolut introduced this pricing plan in October 2021.