Revolut releases 22 new cryptocurrencies

Revolut has announced the release of 22 new crypto tokens on its platform.

With the new additions, the UK FinTech now supports more than 80 cryptocurrencies.

In 2021, the number of cryptoassets available on its app increased six fold from 10 tokens to 60 by the end of the year.

The latest crypto tokens will be available to its customers in the UK and EEA.

The new collection includes the metaverse token APE, two DeFi tokens, as well as CLV, FORTH, AVAX, SAND, GALA, AXS, JASMY, ENS, DASH, FLOW, IMX, CRO, IDEX, REN, SPELL, PERP, BICO, COTI, and MLN.

The move follows the company’s launch of a series of online learning courses aimed at improving UK customers’ understanding of cryptocurrency last month.

“This is another big year of crypto, and we’ve given a big boost to our offering while empowering people to take more control of their finances and giving them safe access to new tools and services being built in crypto the space,” said Emil Urmanshin, crypto general manager, Revolut.

In May, Revolut rolled out a number of new ways for customers to buy and sell cryptocurrencies on its platform, including the ability to set up a stop or limit order so they don’t have to time the market and recurring buy feature which aims to average out volatility.

Customers can also roundup any spare change in a cryptocurrency of their choice.

In October 2021, the business increased its fair usage caps to enable US consumers to trade crypto using 30+ currencies, up to $200,000 per month.

Revolut, which is now operating as a bank across 10 European markets, says it believes in widening access to crypto and also recognises that it may not be appropriate for everyone,

The financial services provider encourages its customers to research the various cryptocurrencies and the risks and opportunities before buying or selling.

It was reported last year that the company has plans to launch its own crypto token.

According to sources at CoinDesk, the FinTech is working on an exchange token similar to Binance’s BNB, rather than a stablecoin.

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