Revolut has received a trading license from the Financial Conduct Authority, enabling the fintech company to begin offering UK-listed stocks.
Since 2019, Revolut has provided its Trading feature as an Appointed Representative with a principal in the UK, allowing retail customers to buy and sell shares listed in the US through its app. With its newly obtained stand-alone license, Revolut Trading is now recognized as an authorized investment firm, which will facilitate the introduction of additional products and features for its over 650,000 UK trading customers.
The fintech aims to launch UK and EU stocks and ETFs, in addition to enhancing the app’s offerings. Yana Shkrebenkova, head of wealth and trading UK at Revolut, stated, “We know that there is so much more our Revolut Trading customers want from our platform, and we are working hard to deliver on this, rolling out new features safely and considerately.”
This trading license follows Revolut’s recent acquisition of a UK banking license, which set the stage for the introduction of products such as loans, mortgages, and credit cards. The announcement also comes as the super app reaches a global customer milestone of 50 million.