Revolut Receives UK Trading License for Stocks
Revolut Receives UK Trading License for Stocks

Revolut Receives UK Trading License for Stocks

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Revolut, Europe's most valuable fintech firm, has received a UK trading license from the Financial Conduct Authority (FCA), enabling it to offer trading of UK and EU-listed stocks and ETFs starting in 2025. This approval marks a significant shift for the company, which has primarily operated through a partnership for US stock trading, and will now directly compete with established firms like Hargreaves Lansdown and AJ Bell. With over 650,000 UK trading customers, Revolut aims to enhance user experience and introduce new features in its app. The move follows a recent UK banking license acquisition and aligns with the government's push for increased investment in local equities. Yana Shkrebenkova, head of Wealth and Trading UK at Revolut, expressed the company's commitment to delivering superior investment products. As it enters an increasingly competitive market, Revolut is expanding its offerings to cater to diverse investor needs.

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