Revolut launches stock trading in US

Revolut has launched a commission-free stock trading service in the US.

Users of the London-based challenger bank’s service will be able to trade 1,100 securities, including shares on the New York Stock Exchange and the Nasdaq exchange.

In addition, the FinTech is set to offer users access to 200 exchange traded funds (ETFs) and the ability to trade fractional shares and set limit and stop-limit orders.

The updated app will also offer its users market graphs, news headlines, as well as information about the top 10 holdings of each ETF.

Revolut already enables UK users to buy and sell stocks via its platform.

Previously, US Revolut users already had access to a debit card, cryptocurrency trading capabilities, and could send and receive money.

The move puts the UK FinTech in competition with other US firms offering consumer trading such as Robinhood and Cash App.

Revolut, founded in 2015, currently has 18 million global customers.

After entering the 10 new European markets in January, Revolut Bank now operates in 28 EU markets.

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