65 Million Revolut Users Can Now Swap Stablecoins at Zero Cost
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 trade as much as €500,000 each 30 rolling days at actual 1:1 charges.
The transfer removes conventional friction factors in shifting between fiat and crypto, replicating the corporate’s decade-old strategy to overseas trade that made clear foreign money conversion a normal expectation for digital banking customers.
Leonid Bashlykov, Head of Product Crypto at Revolut, announced 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 remove the markup sometimes charged by exchanges and buying and selling platforms.
Crypto Trading Drives 298% Revenue 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 May 2024 launch of Revolut X, the corporate’s standalone desktop buying and selling platform designed for skilled merchants.
Revolut X provides 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 additional European countries in November 2024, offering real-time buying and selling instruments, superior analytics, and TradingView chart integration for customers throughout the European Economic Area.
The fintech reported file monetary outcomes for 2024, surpassing $1 billion in annual revenue for the primary time with internet earnings reaching £1.1 billion, a 149% enhance in comparison with the earlier yr.
Total revenue increased 72% to £3.1 billion, with subscription companies rising 74% to £423 million and the mortgage e book 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 Expansion and Strategic Partnerships
The firm 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 prospects in a number of EEA nations to purchase cryptocurrencies utilizing their Revolut accounts or playing cards via Ledger Live.
Most buyer funds are saved in chilly storage with 24/7 encrypted chat help, whereas superior threat monitoring instruments stop account takeovers.
The platform integrates a Crypto Learn software to enhance crypto information for retail customers, notably focusing on first-time crypto consumers with academic sources alongside buying and selling capabilities.
Regulatory Progress and Global Expansion Plans
Revolut Digital Assets Europe Ltd secured Crypto Asset Service Provider registration from Spain’s Bank of Spain and De Nederlandsche Bank 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 additional countries whereas planning over €1 billion in French funding via 2028, together with the institution of a Western European headquarters in Paris.
The firm is exploring the acquisition of a US nationally chartered bank 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 strategy of acquiring its personal licence.#Revolut #Fintechhttps://t.co/xeDYK3miuI
— Cryptonews.com (@cryptonews) July 30, 2025
Revolut at present serves 60 million prospects globally, with 12 million based mostly within the UK, although crypto companies stay suspended within the United States since October 2023 as a consequence of regulatory uncertainty.
Founder and CEO Nik Storonsky secured new funding in 2024 via a secondary share sale at a $45 billion implied valuation.
Recent reports additionally recommend the corporate is in talks for a $1 billion fundraising spherical that will worth the fintech at roughly $65 billion.
The firm can be reportedly considering a dual listing in London and New York, which may place it among the many prime 15 most useful corporations on the London Stock Exchange and make it the primary firm to concurrently be part of the FTSE 100 and listing in New York.
The put up 65 Million Revolut Users Can Now Swap Stablecoins at Zero Cost appeared first on Cryptonews.
