Revolut Set to Expand Crypto Arm by 20%: Report
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Aug. 5, 2022

British fintech platform Revolut is planning to expand its headcount of crypto department by 20% across Europe, the UK and US, Bloomberg has learned.

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According to the report, the firm wants to accelerate its presence on the cryptocurrency market over the next six months. Revolut's crypto manager, Emil Urmanshin, said that the London-based firm is seeing crypto as a "long-term play and remain bullish on the crypto industry." He added:

"Although there has been turmoil, interest in crypto assets has increased and we still have more customers trading crypto than during July 2021."

So far, cryptocurrencies generate 5-10% of Revolut's revenue globally. The news comes shortly after Revolut listed over 20 new tokens to its platform, including bitcoin (EXANTE: Bitcoin), ether (ETH) and apecoin (APE).

Revolut Seeks Tech Lead for Crypto Exchange

In May, reports said that Revolut might roll out its own token as part of the development of a customer loyalty program. However, no updates have been made on this direction at the time of writing.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

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