Revolut will launch commodity trading in Singapore. Stocks and crypto could follow

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Revolut Singapore is also trying to acquire a license from Singapore’s financial regulator in order to facilitate stock trading for its clients. Cryptocurrencies may also be an upcoming feature on Revolut Singapore, but licenses and approvals are still pending.

investment gold price

The Monetary Authority of Singapore (MAS), the country’s financial watchdog, has authorized Revolut to add gold and silver to its offering for its users.

Revolut will launch gold and silver on its app with the blessing of the Singapore regulator as fintech expands its offering to meet the needs of a discerning user base looking to market themselves to more types of active.

Commodity trading can be followed by stocks and crypto

The gold and silver instruments that will be available on the Revolut app are backed by real metals, based on live market performance data.

No minimum deposit is required to access commodities on Revolut, but transaction fees may vary depending on membership levels (1.5% for standard clients, 0.5% for premium or metal clients) .

“Raw materials will allow our clients to further diversify their portfolio. We have made sure that access to gold and silver exposure is as simple and inexpensive as possible, with clients being able to trade at amounts that are convenient for them, ”said James Shanahan, CEO of Revolut Singapore, to the Business Times.

“Our aim is to give our clients as many options as possible so that they can manage and invest their money as they wish,” he added.

Revolut Singapore is also trying to acquire a license from Singapore’s financial regulator in order to facilitate stock trading for its clients. Cryptocurrencies may also be an upcoming feature on Revolut Singapore, but licenses and approvals are still pending.

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Revolut seeks to open its own crypto exchange

Revolut, one of the largest trading platforms in Europe, has signaled its intention to develop its own crypto exchange, as it posted a job posting seeking a technology manager to develop the exchange. .

Revolut has slowly and steadily moved into the crypto space as it has recognized that the volatility of these instruments is likely to attract a lot of trading volumes and with the volumes for other instruments declining, traders have continued to stack up in cryptos and its popularity has increased over the past 2 years.

This forced the trading platforms to quickly rotate their offerings and Revolut quickly followed suit by offering crypto trading and also planning to introduce its crypto tokens shortly. The development of the crypto exchange seems like a new plan, but given that it is a trading platform that has massive reach, it makes sense that it is also creating a trading platform. cryptographic.

The new job posting asked for a technical lead for the development of a crypto exchange and for someone who has more than 7 years of experience in the technology field and has a very good background in building engines of correspondence and in the direction of large technical teams.


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