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Revolut, which has around 25m customers worldwide, is rolling out the service this week to customers in the U.K. and European Economic Area (EEA). At first, the London-based fintech company will support staking of the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA) and Ethereum (ETH). Yields on the assets reach up to 11.65%, though these are variable.
Revolut has been offering crypto services since 2017, gradually stepping up its offerings over time. From solely providing buying and selling of crypto, the bank started allowing customers to transfer their assets to wallets and platforms elsewhere in 2021. In October 2022, Revolut added a feature allowing customers to spend their crypto on everyday purchases using a debit card. It received approval to offer crypto services from the Financial Conduct Authority in September.
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