Revolut Launches Commission-Free Crypto Trading for US Investors

Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments.

Oct 19, 2021 at 1:00 p.m. UTC
Updated Oct 20, 2021 at 12:17 a.m. UTC

Revolut, a fintech company with a $33 billion valuation that offers cryptocurrency buying as part of its services, is allowing U.S. customers to trade as much as $200,000 a month commission-free starting today.

Among other free services announced by Revolut are out-of-network ATM withdrawals of up to $1,200 and 10 remittance payments. Users will also be able to send up to 10 international transfers per month fee-free to anyone with a bank account in 30 countries, including the U.K., France, the Philippines, Japan and Australia.

“By breaking down fees, we’re empowering Revolut’s U.S. customers to achieve financial freedom and drive their own financial journey, whether that be opening their first banking account, trading in new financial markets or sending money to loved ones overseas,” said Ron Oliveira, Revolut’s U.S. CEO.

The London-based fintech firm launched in the U.S. in March 2020, and most recently it emerged the firm is looking to launch its own cryptographic token.

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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.