Revolut, a fintech neobank, is taking another step toward democratizing its policy regarding cryptocurrency regulation. In a deleted blog post the company announced that its users could soon withdraw their bitcoins (EXANTE: Bitcoin) to external drive (cold storage) or to other digital wallets (hot wallet).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
However, initially the platform will beta test its new feature, allowing users to add a maximum of three external addresses. Users could also withdraw only up to £1000 (1 381) a month, or £500 per day.
Revolut's new feature appears a few days after Robinhood's CEO, Vlad Tenev, announced that the brokerage firm is working on withdrawals not only for dogecoin (DOGE), but also for cryptocurrencies on Robinhood Crypto.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.