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Revolut expands the range of crypto assets offered to US customers.

Revolut expands the range of crypto assets offered to US customers.

The fintech company Revolut announced the addition of 29 new crypto assets available to US clients. The Block reports this.

Among them are Dogecoin, Solana, Avalanche, and Shiba Inu. The full list was not disclosed. Some cryptocurrencies require approval from the NYDFS.

The initiative is part of the program to expand digital asset-related services. In the future it is expected to add a crypto wallet andstaking.

Apex Crypto served as partner.

In August, Revolut terminated its partnership with Paxos. The company said the move was driven by the opportunity to expand the number of supported cryptocurrencies and add new functionalities.

The company hopes to regain market share from Coinbase and Robinhood.

“We have more than quadrupled our cryptocurrency portfolio to provide our clients with access to a much more diversified offering”, said Mazen Eljundi, head of Revolut’s global digital assets business.

The executive noted that the company does not charge fees on cryptocurrency transactions up to $200,000 per month. Revolut introduced this pricing plan in October 2021.

Earlier in August 2022, the fintech company announced an expansion of the digital assets team’s staff by 20%.

Earlier, Revolut founder Nikolay Storonsky spoke about plans to launch its own token.

In July 2021 the company was valued at $33 billion.

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