Mobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future.
The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for a payment card. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.
Launched in 2015, Revolut now has more than 10 million customers, primarily in the U.K. and Europe. As well as banking services, it offers features such as a fiat currency exchange, insurance brokerage and equity trading platform. The bank completed a $500 million Series D in February, valuing the company at more than $5 billion.
Revolut said U.S. customers will initially only have access to the bank's core features. Additional services, such as the crypto-buying service, will be added sometime in the near future, according to TechCrunch.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.