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Revolut grabs 2 million users and plans to launch commission-free trading service
07-06-2018, 06:21 PM.
Post: #1
Revolut grabs 2 million users and plans to launch commission-free trading service
Fintech start-up Revolut grabs 2 million users and plans to launch commission-free trading service

Ryan Browne
June 7, 2018

Financial technology firm Revolut now has 2 million users signed up to its platform and is planning to launch a commission-free trading service.

The London-based start-up said Thursday that its trading platform, called "Wealth," would let users invest in a range of firms listed publicly in the U.K. and the U.S., in addition to other instruments including exchange-traded funds (ETFs) and options.

ETFs are securities that let traders invest in a basket of assets such as shares or bonds. Options are contracts that give investors the right — but not the obligation — to buy or sell an asset at an agreed price and date, allowing for price speculation or risk reduction.
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It is currently only available in Europe, and is most widely used in the U.K. The firm is looking to expand its presence to the U.S., Canada, Singapore, Hong Kong, Australia and New Zealand within months.

More details in https://www.cnbc.com/2018/06/07/revolut-...rvice.html
Specuvestor: Asset - Business - Structure.

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