Revolut
Revolut is a fintech platform for multi-currency accounts and crypto trading
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About Revolut
Revolut is a digital bank founded in London in 2014. It offers crypto buying, holding, staking and transfers in its main app, plus a separate exchange, Revolut X, which matches orders on a central limit order book at 0% maker and 0.09% taker fees for advanced traders, with TradingView charting and API order entry. Customer crypto is held 1:1, mostly in cold storage and segregated from company funds; fiat accounts and cards are integrated so users can trade from their balance or convert tokens at the point of sale at the prevailing rate.
Crypto sits inside a banking, card and wealth product, acquiring users through the existing retail base rather than through standalone exchange depth. Compliance runs through the EEA-licensed Revolut Digital Assets Europe, which listed the Bridge-issued euro stablecoin EURR in August 2026 and in the same period stopped USDT purchases and converted remaining balances to local currency. Jurisdiction shapes the business: US crypto trading ended in October 2023, and outbound token transfers cover only part of the listed assets.
Revolut, founded in 2015 by Nikolay Storonsky and Vlad Yatsenko, has evolved from a currency exchange app into a global financial super app. Key long-term milestones include:
Obtaining a UK banking license in July 2024, marking its transition into a fully regulated bank. In September 2025, it launched its own euro stablecoin EURR, initially covering Denmark, Poland, and Portugal, strengthening its crypto infrastructure. The company also received in-principle approval from Dubai's VARA to offer crypto services in the UAE, expanding its Middle East footprint.
On the capital markets front, Revolut's IPO valuation could reach $200 billion, with the CEO confirming a potential listing as early as 2028, while simultaneously pursuing a US banking license. The UK FCA also approved its wealth management and investment services expansion.
These milestones—banking regulation, stablecoin issuance, crypto market entry, and IPO preparation—represent strategic pivots that will define Revolut's long-term trajectory as a global financial institution.
In March 2026 Revolut obtained its full UK banking licence, added an Australian banking licence in July and in the same month reached a USD 115 billion valuation through a secondary sale at USD 2,017 a share. On September 28 Argentina's central bank approved its purchase of Banco Cetelem Argentina, to operate as Revolut Bank Argentina, with more than 150,000 people on the local waitlist.
On crypto, Revolut secured in-principle approval from Dubai's VARA in July and on October 19 its RGDAL entity obtained a DLT licence from the Gibraltar FSC for priority expansion markets, while EEA business runs under a Cypriot MiCA licence. From July Revolut told customers in compliant markets to sell or move USDT by August 31. A customer data breach in September drew Italian authorities into the case.
Revolut will run banking and crypto licences in parallel, lift primary-account usage and lending volume, and pursue an OCC national bank charter under its plan to launch a US bank in 2027.
Nik Storonsky (Nikolay Storonsky) — Co-Founder & CEO; launched Revolut in 2015, ex-emerging markets derivatives trader at Credit Suisse and Lehman Brothers, MS Applied Physics & Mathematics (MIPT).
Vlad Yatsenko — Co-Founder & CTO; ex-financial software engineer at UBS, Deutsche Bank and Credit Suisse.
Revolut charges Standard and Plus users a crypto exchange fee of 1.99% of the transaction value, subject to a minimum fee.
Revolut prices Premium and Metal users on a 30-day volume ladder: 0.99% up to EUR 10,000, 0.79% for EUR 10,000-50,000, 0.69% for EUR 50,000-100,000, 0.49% for EUR 100,000-250,000, and 0.29% above EUR 250,000.
2025: Cyprus's securities regulator licensed Revolut Digital Assets Europe as a crypto-asset service provider under EU crypto-asset rules; Revolut Ltd holds UK e-money and crypto licences from the Financial Conduct Authority; Revolut Bank UAB holds a European Central Bank banking licence.