Revolut UK Trading Offering To Expand as License Secured

Revolut, one of Europe's leading fintech companies, has secured a significant milestone in its expansion efforts. The company has received approval from the British financial regulator for a UK trading license which enables Revolut to offer trading of EU, and UK listed stocks as well as exchange-traded funds (ETFs) starting from 2025.

The regulatory approval cements Revolut's position as a formidable player in the competitive fintech landscape, with the company recently being valued at $45 billion. This valuation ranks Revolut as one of the most valuable fintech enterprises in Europe, showcasing the scale of its growth prospects and the confidence of its investors.

The fintech giant will now contend head-on in the UK trading app market with established firms such as Trading 212, eToro, and Plus500,. Revolut's entry is poised to intensify the competition among these trading platforms.

With over 650,000 UK trading customers already in its fold, Revolut has a solid user base to leverage as it kicks off its UK and EU stock trading services. Prior to this expansion, Revolut operated through a partnership, enabling its users to invest in US-listed stocks via its app. The new license allows the company to offer a much wider range of investment options directly to its customers under its own brand.

The strategic move follows the grant of a UK banking license to Revolut in July, after a protracted three-year application process. The fintech firm was given the go-ahead to operate with certain limitations, thereby reducing regulatory uncertainty and reinforcing its ambitions within the British market.

Revolut’s trajectory has been one of rapid expansion and diversification. From its origins as a no-frills money exchange service, it has burgeoned into a multifaceted financial services provider, offering users a broad array of options from international remittances to cryptocurrency trading, without operating any physical branches. With the UK license in hand, Revolut could be well-positioned to disrupt the traditional trading sector and offer users a seamless, technology-driven investment experience.