Revolut adds Cardano, Uniswap and 9 more tokens as users flock to crypto trading

Revolut adds 11 new digital assets including Cardano as users flock to crypto trading
1 year ago
2 mins read

UK-based challenger bank Revolut has added 11 more cryptocurrencies bringing the total number to 21. 

In a blog post, the fintech firm noted that the added tokens are among the hottest in the market, and users across Europe will be able to hold, buy and sell the digital assets.

The added assets combine a mixture of tokens with a bullish outlook and those with established blockchain projects. 

The newly added tokens include Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph. 

Revolut already supports buying and selling of bitcoin, bitcoin cash, ethereum, litecoin, XRP, Stellar, EOS, OMG Network, tezos, and 0x. 

The fintech platform began offering the crypto trading option in July 2017, starting with bitcoin before adding ethereum and litecoin. Additionally, Revolut assured users that it highly regards the security of crypto assets. 

“The majority of our crypto funds are held in cold storage with some of the best custodians in the crypto game. External hard drives used for cold storage are disconnected from any networks when crypto transactions aren’t happening, so they’re very resistant to hacking,” Revolut said. 

Last year, Revolut, which has a European banking license, announced a partnership with Paxos, a New York-based company. The partnership allows users in 49 states to buy, hold and sell bitcoin and ether. 

Revolut marches towards super app status

Incorporating additional tokens into the Revolut product offering is part of elevating the platform to a super app. Furthermore, it adds to the recent trend of fintech platforms incorporating cryptocurrencies to take advantage of the bullish run.

This comes after the recent cryptocurrency boom led by bitcoin. In 2021, the digital asset space has cumulatively hit $2 trillion in market capitalization. 

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.