Revolut Ltd. will start offering trading of UK and EU-listed
stocks in 2025. The company recently received approval from the Financial
Conduct Authority (FCA) to operate as an investment firm. This approval allows
Revolut to expand its services.

Revolut Targets UK Stock Market

Revolut had been developing the necessary technology before
obtaining the license, according to Yana Shkrebenkova, the company’s head of
wealth and trading in the UK. The trading license will enable Revolut to work
with more brokers and expand its UK customer base.

Revolut will enter a competitive UK stock trading market. It
will compete with firms like Trading 212 Group Ltd. and Freetrade Ltd.,
alongside established companies such as Hargreaves Lansdown Plc and AJ Bell
Plc.

The UK government is pushing for more investment in local equities,
prompting changes to the FCA’s listing rules in July to make the market more
attractive.

Revolut will offer trading of UK and EU-listed stocks from next year, as competition among retail brokers serving British investors intensifies https://t.co/pkwSz1t18p

— Bloomberg UK (@BloombergUK) November 18, 2024

Meanwhile, Revolut
is expanding its mergers and acquisitions (M&A) division, indicating
potential interest in acquiring other businesses, as reported by Finance Magnates. The firm is also
extending its crypto platform, Revolut X, to 30 additional EEA markets,
offering access to over 200 tokens with competitive fees.

A recent job posting suggests the company is strengthening
its M&A team. Despite the current economic uncertainty, which has prompted
some tech companies to cut spending, Revolut appears to be focused on growth.

European Investment App Targets Growth

Currently, Revolut offers US stock trading through a
third-party partnership. About 650,000 UK users use its trading service, out of
more than 10 million banking app users.

In September, Revolut launched a standalone investment app
in several European countries, aiming to compete with platforms like Robinhood
and eToro. If the European launch is successful, it will also expand the app to
the UK.

Revolut is also exploring support for tax-advantaged
accounts like stocks and shares ISAs, as well as bonds. It is considering
adding margin investing, similar to Robinhood’s offering.

Founded in 2015, Revolut was valued at $45 billion during
its latest investment round. The company also plans an initial public offering
in the future, according to Francesca Carlesi, Revolut’s UK chief.

This article was written by Tareq Sikder at www.financemagnates.com.