22 new cryptos available – The Cryptonomist
Revolut, the fintech app that boasts as many as 20 million customers worldwideannounced today the addition of 22 new tokens, now more than 80 supported cryptocurrencies.
Revolut expands the number of supported cryptos for trading
The new cryptocurrencies announced today are available to all UK and EU customers and include tokens APECOIN, REQ, ETC, CLV, FORTH, AVAX, SAND, GALA, AXS, JASMY, ENS, DASH, FLOW, IMX, CRO , IDEX, REN, SPELL, PERP, BICO, COTI and finally MLN.
During 2021, the number of cryptocurrencies available in Revolutits app already had increased 6 times, from 10 tokens available at the beginning of the year to 60 at the end of the year. Now, in 2022, the number of tokens available in the Revolut app has been expanded by another 22 tokens to more than 80.
Emil Urmanshin, Crypto General Manager for Revolutso:
“It’s another great year for cryptocurrencies, and we’ve decided to further increase our offerings, allowing people to take more control of their finances and giving them secure access to new tools and services built in the crypto world.”
For those who want to trade cryptocurrency, stop losses or order limits can be set from the Revolut app so that they don’t have to check the market trend every second. In addition, the recurring purchase function can be used for reduce volatility. Customers can also set aside savings by automatically converting them to a cryptocurrency of their choice.
Revolut and cryptocurrencies in Italy
There is growing interest in cryptocurrencies in Italy: number of customers who bought cryptocurrencies on Revolut in July this year grew by +20% compared to the same period last year.
The 5 most popular tokens Italians had in their wallets in July were Bitcoin (BTC, 36%), Ethereum (ETH, 27%), Ripple (XRP, 5%), Cardano (ADA, 4%) and Solana (SOL, 3 %).
The feature to trade crypto on Revolut is available to all standard and non-standard customers. However, those with standard fee plans will have higher fees for trading cryptocurrency.
For customers with the Metal fee plan, but for now only in the UK, Revolut has released a program to withdraw Bitcoin.
The company plans to introduce cryptocurrency withdrawals in Europe as well and allow customers to send their tokens from Revolut to external wallets and exchanges.
Revolut warns of cryptocurrency risks
In the press release, the company reminds its customers that cryptocurrencies are not regulated and not protected by clearing arrangementswhich is why capital is exposed to great risk.
Risk also increases due to asset volatility.
The fintech company says:
“Although Revolut believes in expanding access to cryptocurrencies, such activity may not be suitable for everyone, the company encourages its customers to research the various cryptocurrencies and the risks and opportunities before buying or selling”.
