Revolut adds support for Shiba Inu (SHIB) and 28 cryptocurrencies to serve its US customers
Revolut has expanded its cryptocurrency offering to the United States.
According to an announcement today, Revolut, a crypto-friendly digital banking startup, has combined the Shiba Inu (SHIB) with 28 other cryptocurrencies. Current list of supported crypto assets,
The company noted that the development comes following a partnership with Apex Crypto, a leading provider of cryptocurrency services.
With the development, Revolut has more than quadrupled its crypto asset offering in the United States, thus giving its customers access to a wide variety of coins and tokens, said Mazen Eljundi, Revolut’s global business head for crypto. he said.
To celebrate the milestone, Revolut announced that its clients are entitled to zero-commission trading of up to $200,000. In addition, Revolut plans to launch full-stakes services for newly added cryptos soon.
SHIB Approved, But Some Tokens Still Undergo Regulatory Checks
Apart from the Shiba Inu, other cryptocurrencies on the list include Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX). At the moment, none of the newly added coins or tokens are classified as a security by the Securities and Exchange Commission (SEC), a move that will help cement Revolt’s position as a leading crypto broker in the US. , thus giving competition to top companies like Coinbase. ,
However, some tokens are yet to be approved for trading by the New York Department of Financial Services (NYDFS).
Revolution in America
Revolut has been expanding its US footprint in recent times and has partnered with leading crypto companies to achieve this goal. In 20202, Revolut partnered with Paxos to provide crypto custody services. However, the partnership was terminated last month, prompting Revolut to reassure its customers that the decision would open doors for more features and functionalities.
SHIB’s Popularity Earns It Another List
Meanwhile, it should come as no surprise to see the Shiba Inu on the list, given that the digital currency has gained enormous popularity over the years. SHIB is and has been one of the trending cryptocurrencies currently Added to Top Cryptocurrency Trading PlatformsIncluding Robinhood.
With the Shiba Inu added as one of the tradable crypto assets on Revolut, the token will be available to the over 7 million US customers currently registered on the platform.
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