As a seasoned analyst with over two decades of experience in the financial industry, I must say that the recent addition of Binance Coin (BNB) to Revolut’s trading platform comes as an exciting development. My first encounter with cryptocurrencies was back in the early 2010s when Bitcoin was still a novel concept. To see a major player like Revolut, which I remember starting out as a relatively small digital banking service, now embracing the world of crypto is truly remarkable.
As an analyst, I’m thrilled to share that I recently witnessed a noteworthy development: Revolut, the UK’s leading unicorn, has expanded its trading platform to include Binance Coin (BNB). This unexpected move has sent ripples throughout the financial tech industry. The head of Binance, Changpeng Zhao (CZ), announced this exciting news via social media, expressing his astonishment at being included on Revolut’s platform and praising the rapid growth of the Binance community.
It was just announced that Revolut has started trading Binance Coin ($BNB). I must admit, I wasn’t aware of this development until now, but it seems the community is expanding! 😄
— CZ 🔶 BNB (@cz_binance) December 20, 2024
As an analyst, I’d rephrase that as follows: Approximately one-third of our 40 million user base resides in the United Kingdom. Our services encompass foreign exchange, international payments, remittances, and cryptocurrency trading. Furthermore, users can facilitate transactions in 29 various currencies, withdraw cash from ATMs in over 120 countries worldwide, and manage or budget their finances through the Vaults feature.
The creator of Binance, CZ, announced that BNB has been added to Revolut’s platform. Revolut is a highly valued European company, often referred to as a unicorn, with approximately 40 million users around the globe. A significant portion, around one-third, of these users hail from the UK. The main operations of this tech firm revolve around digital banking solutions, foreign exchange transactions, and international money transfers.
— Wu Blockchain (@WuBlockchain) December 20, 2024
Revolut now offers support for an even more enticing variety of cryptocurrencies, including favorites like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and XRP, as well as the newly added Binance Coin (BNB).
As a crypto investor, I’m thrilled to witness the impressive growth of Revolut, having recently concluded its funding round and valuing it at an astounding $1.7 billion. The pace at which it’s climbing is nothing short of remarkable. Looking back to the end of 2017, the user base was a modest 1.2 million. Fast forward to March 2021, and that number has skyrocketed to an impressive 4.5 million. However, it’s interesting to note that within the UK, only about 1.6 million of these users are actively engaging with the platform.
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2024-12-20 15:32