UK Fintech Firm Revolut Brings Bitcoin, Ether Trading to US Customers
Revolut customers in 49 U.S. states can now buy, hold and sell bitcoin (BTC) and ether (ETH) on the digital bank’s crypto platform. The British fintech firm entered the U.S. in March and waited until it had already established its core products in the country before launching bitcoin services as well, said Revolut crypto chief Edward Cooper.
With around a million customers in Europe transacting in crypto, Revolut crypto arm is a “profit center” for the bank, Cooper said. Revolut is also suspending the ability to make crypto card payments in Europe on July 27 and isn’t introducing the feature in the U.S. “We have got some feedback from users in Europe that they were spending and weren’t expecting for their crypto balances to be spent,” said Cooper.