Crypto-friendly investing app Revolut launches in the US

London-based Revolut, which offers banking, cryptocurrency, and stock trading services via its mobile apps, has officially launched the U.S.

Announcing the news on Tuesday, Revolut said U.S. users will now be able to send, receive, spend and manage money from a single app.


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Users will also be able to get their salary up to two days in advance via direct deposit at no cost, said Revolut. Those deposits are insured for up to $250,000 by the Federal Deposit Insurance Corporation (FDIC), the firm added.

Revolut’s U.S. partner is New York-based Metropolitan Commercial Bank. Notably, Revolut’s apps have been in beta in the U.S. since June 2019 and is said to have 60,000 beta testers. While overall, it claims to have more than 10 million users.

While Revolut has launched its banking app in the U.S., it reportedly plans to offer commission-free stock trading and crypto trading in the near future. 

Revolut is a heavily-funded fintech startup. The firm has raised $836 million in total since its founding in 2015. Last month alone, Revolut raised $500 million in a Series D round that values it at $5.5 billion.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.