8.6 C
New York
Sunday, November 27, 2022
Home Challanger banks Revolut now offers crypto trading in Australia

Revolut now offers crypto trading in Australia

First Revolut launched in Australia last month, now it is also offering the crypto trading services.

Revolut enabled the in-app purchase of various cryptocurrencies this April as it was reacting to the stock market downfall and wanted to enable the customers to have more options.

Read also: Revolut’s business banking thrives as it hits 500k SME customers

“We’re very excited to be adding another feature to our Financial SuperApp with the introduction of our cryptocurrency exchange services,” Revolut Australia CEO Matt Baxby said.

The Australians are now able to trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and Stellar (XLM).

Edward Cooper, head of crypto at Revolut says: “Trying to navigate your way around traditional exchanges can be incredibly complex, and this process can often exclude people from getting access to cryptocurrency. With Revolut, customers can exchange their Dollars to Bitcoin and Ethereum with the tap of a button.”

“By making cryptocurrencies easier to access for everyone, we’re trying to do what the internet browser did for the internet.”

Australia is growing in importance in the crypto realm. According to analytics site CryptoCompare, the Australian dollar (AUD) is today ranked 17th globally for Bitcoin (BTC) volume by currency and had a 24-hour trading volume of 528 BTC, or $6 million at the time of writing.

There’s been a surging number of crypto trading companies entering the Australian market. Binance is one of the leaders and just recently launched a fiat to the crypto trading platform where Australians could purchase crypto directly using Australian Dollars.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

N26 study shows Spain has the highest savings ratio in Europe

N26 has recently analyzed the data of over 380,000 consumers in the main five European markets (Spain, Germany, Austria, France, and Italy), with the aim of discovering the saving and spending trends in 2022.

The UK Startup Atoa Payments has raised $2.2 million in a pre-seed funding round

Recently, the UK startup Atoa Payments has raised $2.2 million in a pre-seed funding round.  The interest in the...

Only 60% of fintechs are product-led according to a recent survey of 100 fintech product specialists

A recent global survey of 100 fintech product specialists from fintech brands like Wise, AMEX, and more, revealed that whilst 90% of fintechs have dedicated product teams, only 60% of them are considered to be product-led. 

INNOVATION IN THE WORLD OF CREDIT CARS

It’s a well-known fact, banks that do digital transformation get more clients. Sella decided to join the number of innovators and launched...