Revolut has eradicated all charges and spreads when changing between USD and two main stablecoins, USDT and USDC, permitting its 65 million international customers to change as much as €500,000 each 30 rolling days at actual 1:1 charges.
The transfer removes conventional friction factors in transferring between fiat and crypto, replicating the corporate’s decade-old method to international change that made clear foreign money conversion an ordinary expectation for digital banking customers.
Leonid Bashlykov, Head of Product Crypto at Revolut, introduced the function on LinkedIn, emphasizing that customers will obtain precisely $1.00 in stablecoins for each $1.00 in money and vice versa.
The service helps transfers throughout six blockchain networks, together with Ethereum, Solana, and Tron, offering fee-less on-ramp and off-ramp capabilities that get rid of the markup usually charged by exchanges and buying and selling platforms.
Crypto Buying and selling Drives 298% Income Surge
Revolut’s wealth division, encompassing cryptocurrency, commodities, buying and selling, and financial savings merchandise, generated £506 million in 2024 whereas posting 298% year-over-year income progress.
The surge was primarily pushed by elevated crypto buying and selling exercise throughout the business, in addition to the profitable Might 2024 launch of Revolut X, the corporate’s standalone desktop buying and selling platform designed for skilled merchants.
Revolut X affords buying and selling in additional than 100 tokens with mounted charges of 0% for makers and 0.09% for takers, no matter quantity, positioning it as a direct competitor to established crypto exchanges.
The platform was expanded to 30 further European international locations in November 2024, offering real-time buying and selling instruments, superior analytics, and TradingView chart integration for customers throughout the European Financial Space.
The fintech reported file monetary outcomes for 2024, surpassing $1 billion in annual revenue for the primary time with web earnings reaching £1.1 billion, a 149% enhance in comparison with the earlier yr.
Complete income elevated 72% to £3.1 billion, with subscription companies rising 74% to £423 million and the mortgage guide increasing 86% to £979 million as the corporate ready to launch full banking operations within the UK following its approval of a restricted banking license in July 2024.
Platform Growth and Strategic Partnerships
The corporate launched Revolut Ramp in March 2024, partnering with MetaMask developer Consensys to allow customers to buy crypto immediately of their Web3 wallets.
In August, Revolut partnered with Ledger, permitting clients in a number of EEA international locations to purchase cryptocurrencies utilizing their Revolut accounts or playing cards by way of Ledger Dwell.
Most buyer funds are saved in chilly storage with 24/7 encrypted chat assist, whereas superior threat monitoring instruments stop account takeovers.
The platform integrates a Crypto Be taught device to enhance crypto data for retail customers, significantly focusing on first-time crypto patrons with instructional assets alongside buying and selling capabilities.
Regulatory Progress and World Growth Plans
Revolut Digital Property Europe Ltd secured Crypto Asset Service Supplier registration from Spain’s Financial institution of Spain and De Nederlandsche Financial institution in 2024 as the corporate works towards full MiCA authorization throughout the European Union.
The regulatory progress comes as Revolut pursues banking licenses in 10 further international locations whereas planning over €1 billion in French funding by way of 2028, together with the institution of a Western European headquarters in Paris.
The corporate is exploring the acquisition of a US nationally chartered financial institution to speed up its entry into the American market, bypassing the prolonged constitution software course of that may take years.
@RevolutApp could purchase a US financial institution with a nationwide constitution to fast-track its American enlargement and bypass the prolonged means of acquiring its personal licence.#Revolut #Fintechhttps://t.co/xeDYK3miuI
— Cryptonews.com (@cryptonews) July 30, 2025
Revolut at the moment serves 60 million clients globally, with 12 million primarily based within the UK, although crypto companies stay suspended in america since October 2023 as a consequence of regulatory uncertainty.
Founder and CEO Nik Storonsky secured new funding in 2024 by way of a secondary share sale at a $45 billion implied valuation.
Current stories additionally counsel the corporate is in talks for a $1 billion fundraising spherical that may worth the fintech at roughly $65 billion.
The corporate can be reportedly contemplating a twin itemizing in London and New York, which may place it among the many high 15 most respected corporations on the London Inventory Change and make it the primary firm to concurrently be a part of the FTSE 100 and checklist in New York.
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