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Revolut secures UK trading licence for standalone operations
Retail Trading Infrastructure
Nov 18, 2024
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Retail Trading Infrastructure

Retail Trading Infrastructure

Nov 18, 2024

Revolut secures UK trading licence for standalone operations

Management news

  • Revolut, a UK-based neobanking platform, has obtained its UK trading license from the Financial Conduct Authority (FCA).

  • The new license allows Revolut Trading to operate as an authorized investment firm and expand its product offerings for its 650,000+ UK trading customers.

  • Additionally, the company plans to introduce UK and EU stocks and ETFs and update its trading platform soon.

  • Analyst QuickTake: This July—after a three-year wait—Revolout secured its UK banking license from the Prudential Regulation Authority (PRA). These regulatory licenses position the company to offer a wider range of financial services in the UK and set it toward a potential IPO, despite the company not confirming such plans. Following an employee share sale transaction , Revolut was valued at USD 45 billion in August 2024 .

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