Bank Revolut is offering trading in eleven new tokens. Among them is Cardano, the new shooting star among crypto stocks. But many less important currencies are also represented in the portfolio.
London-based challenger bank Revolut announced that it is expanding its support for cryptocurrencies. In one Blog post the bank stated that it would offer trading in the tokens Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid and The Graph.
By integrating Cardano, Revolut has clearly recognized the signs of the times. The course development speaks a clear language. While the price was still quoted at USD 0.17 at the turn of the year, it reached a new all-time high of USD 1.45 a good three weeks ago. Cardano currently stands at USD 1.27 and is already sixth among the cryptocurrencies in terms of market capitalization.
Revolut already has a crypto-friendly reputation
Right from the start, the FinTech Revolut was considered extremely crypto-friendly. Support for Bitcoin was already offered in July 2017. Shortly thereafter, the bank expanded its offering to Ethereum and Litecoin. This covered the largest crypto currencies in terms of trading volume at the time.
At the end of 2020, Revolut also added support for EOS, Tezos (XTZ), OMG and the decentralized platform 0X. Since October 2020 there has also been a cooperation with Fireblocks, a platform for securing digital assets. This week’s decision is the bank’s most ambitious move to date in this regard. Because never before has so many tokens been supported at the same time. It is noticeable that several of these cryptocurrencies – with the exception of Cardano, of course – have a rather low market capitalization.