Revolut Secures UK Trading License to Expand Investment Services
19.11.2024 21:00 1 min. read Alexander Stefanov
Revolut has transitioned from operating as an Appointed Representative to becoming an authorized investment firm in the UK, securing its own independent trading license.
This development empowers the fintech to expand its offerings for over 650,000 UK trading customers, who have previously used the platform to trade US-listed shares.
With its new license, Revolut plans to introduce UK and EU stocks, exchange-traded funds (ETFs), and enhanced app features.
Yana Shkrebenkova, head of wealth and trading for the UK, emphasized the company’s commitment to meeting customer expectations by delivering new functionalities in a thoughtful and secure manner.
This milestone aligns with Revolut’s broader growth strategy, following the recent approval of its UK banking license, which paves the way for products like loans, mortgages, and credit cards. The announcement also coincides with the platform surpassing 50 million global customers.
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