The receipt of this license makes Revolut Trading an authorized investment firm, allowing it to improve the user experience and introduce U.K. and European Union stocks and exchange-traded funds (ETFs). The announcement comes about three months after Revolut landed a British banking license with restrictions from the U.K.’s Prudential Regulation Authority (PRA).
“Having launched our successful investment product five years ago, we strive to bring best-in-class investment products to our customers in the U.K.,” Yana Shkrebenkova, head of wealth and trading U.K. at Revolut, said in the release. “We know that there is so much more our Revolut Trading customers want from our platform, and we are working hard to deliver on this, rolling out new features safely and considerately.”