By 
Revolut has transitioned from operating as an Appointed Representative to becoming an authorised investment firm with its own UK trading licence. Since 2019, Revolut’s Trading feature allowed retail customers to buy and sell U.S.-listed shares via its app. Now, with a stand-alone licence, the fintech giant is set to enhance its offerings significantly.
The new licence empowers Revolut Trading to introduce a wider range of products and features for its 650,000+ UK trading customers. Planned expansions include adding UK and EU stocks, exchange-traded funds (ETFs), and an updated app experience.
Yana Shkrebenkova, Head of Wealth and Trading UK at Revolut, highlighted the company’s commitment to improving its platform. “We know that there is so much more our Revolut Trading customers want from our platform, and we are working hard to deliver on this, rolling out new features safely and considerately,” she stated.
This milestone follows Revolut’s recent approval for a UK banking licence, paving the way for the launch of financial products such as loans, mortgages, and credit cards. The new trading licence further solidifies Revolut’s position as a comprehensive financial service provider, aiming to meet the evolving needs of its customers.
Comments