Bitcoin price today: rises above $111k amid easing trade jitters; US CPI on tap
Investing.com -- British finance app Revolut has obtained a license from Cyprus that will allow it to offer cryptocurrency services across the European Union, the company announced Wednesday.
The fintech firm revealed that 22% of its customer base - at least 14 million of its more than 65 million users - actively trade cryptocurrency. These users have completed know-your-customer checks and been fully onboarded for crypto services.
Cryptocurrency trading has been a significant growth driver for Revolut, which recently initiated a secondary share sale at a $75 billion valuation last month.
According to the company’s annual report, revenue in Revolut’s "Wealth" segment nearly tripled last year, fueled by increased crypto trading activity across the industry and the launch of the Revolut X crypto exchange.
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