Digital Bank Revolut to Offer Crypto Staking

Revolut will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH), with yields ranging to as high as 11.65%

AccessTimeIconFeb 6, 2023 at 4:35 p.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Digital banking service Revolut is starting to offer crypto staking to customers in the U.K. and European Economic Area (EEA), according to an emailed announcement.

Revolut, which has around 25 million customers worldwide, the vast majority of whom are in the U.K. and the European Economic Area (EEA), is rolling out the service this week, AltFi reported Monday. At first, the London-based fintech will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH). Yields on the assets reach up to 11.65%, though these are variable, Revolut said in its email on Tuesday.

Crypto staking involves holders of a particular asset offering their tokens to help support the running and maintenance of a blockchain, receiving a reward in return. Staking has attained newfound prominence in the crypto industry in recent months since Ethereum, the largest blockchain supporting decentralized finance (DeFi), transitioned to a proof-of-stake model. Compared with a proof-of-work mechanism, proof-of-stake blockchains require far less energy and are cheaper to operate and more scalable.

Revolut has been offering crypto services since 2017, gradually stepping up its offerings over time. From solely providing buying and selling of crypto, the bank started allowing customers to transfer their assets to wallets and platforms elsewhere in 2021. In October 2022, Revolut added a feature allowing customers to spend their crypto on everyday purchases using a debit card. It received approval to offer crypto services from the Financial Conduct Authority in September.

UPDATE (Feb. 7, 10:28 UTC): Removes link to AltFi story and changes attribution to Revolut's announcement.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.