#revolut

Revolut, the crypto-focused neobank, is scaling up its exchange platform, Revolut X, to cover 30 new countries in the European Economic Area (EEA). Aimed at seasoned crypto traders, the platform now includes regions like Belgium, Cyprus, Denmark, among others.

The decision is driven by the challenging regulatory situation. American clients will be able to purchase cryptocurrency until September 2nd, with a selling prohibition coming into force from October 2nd. Following this, the crypto platform will become completely inaccessible to American users, putting a stop to all digital asset operations, including holding.

The UK government is set to convince financial firm Revolut, which also offers cryptocurrency services, to conduct its initial public offering (IPO) in London rather than New York. City Minister Tulip Siddiq plans to meet with company representatives this fall to discuss the proposal.