Revolut announced that it has added the option for users to buy and sell 11 more crypto-tokens, bringing the total number of digital coins it lists to 21. revolut cryptocurrencies

“2021 is the year of crypto at Revolut,” the firm said in an email sent to customers Thursday, adding that the 11 additions are “some of the hottest coins in crypto right now.”

The new list includes Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph. The coins the platform had already supported are Bitcoin Cash, Ethereum, Litecoin, Ripple (XRP), Stellar (XLM), EOS, OMG Network (OMG), Tezos (XTZ), and 0x (ZRX).

As of 2019, Revolut customers — which now include people in more than 35 countries — held more than $120 million in cryptocurrency. Revolut’s U.S. customers, who can trade crypto thanks to the neo bank’s partnership with Paxos launched last year, can only access Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

The large addition of new tokens — a mixture of currencies native to trendy blockchain projects and coins associated with more obscure projects that have been around for years — reflects the recent trend of popular fintech platforms adding crypto features.

As it stands, Filecoin is the most expensive coin to be added, coming in at £ 110.42 per coin, while Cardano is the least expensive, currently sitting at around £0.88 per coin.

Earlier this year, Revolut issued a warning to its customers about Ripple’s cryptocurrency XRP after several exchanges began delisting the electronic currency.

Despite warning its customers away from XRP, Revolut’s users could still trade the embattled coin as long as its partner exchange continues to allow it to do so.

Unlike other crypto wallets, Revolut’s users can’t actually remove their purchased coins from the Revolut app, rather they are held “in cold storage with some of the best custodians in the crypto game.”

AltFi recently reports that Revolut could potentially be sitting on a pile of crypto worth around $1bn and while users can’t actually remove their coins from their Revolut wallets, it’s a clear sign that crypto trading is increasingly popular for Revolut’s users.

Meet your new tokens revolut cryptocurrencies

Bancor

BNT is an Ethereum token powering the Bancor Protocol. The protocol aims to allow crypto assets that would have been traditionally difficult to trade due to low liquidity to be exchanged directly on-chain. Bancor does this by enabling automatic price determination and an autonomous liquidity mechanism for tokens on smart contract blockchains. Read more on their website.

Cardano

ADA is the token which powers the Cardano blockchain. It relies on a proof-of-stake consensus model called Ouroboros. Cardano validates blockchain transactions without high energy costs. Read more on their website.

Filecoin revolut cryptocurrencies

FIL is the native protocol token of the Filecoin network. Filecoin is a decentralised storage network which aims to let anyone host, store, or receive digital information. It turns cloud storage into a market and allows users to sell their excess storage on an open platform. Read more on their website.

Loopring

LRC is an Ethereum token supporting the Loopring protocol. The protocol is a collection of Ethereum smart contracts that describe how to build highly-secure, highly scalable order book-based decentralised exchanges, automated market makers, and payment apps. The goal of Loopring is to promote decentralisation and reduce user reliance on traditionally centralised services such as exchanges and help enable global liquid markets. Read more on their website.

Numeraire

Numerai is a crowd-sourced, AI-run investment firm that allows the public to submit machine learning models to predict stock prices. These crowd-sourced models are ranked weekly in what Numerai calls “the hardest data science tournament on the planet”. Winners are rewarded with NMR, an Ethereum token. Read more on their website.

Orchid

OXT is an Ethereum token that powers the Orchid network. Orchid focuses on enabling a decentralised virtual private network (VPN). Users who want to use the network to maintain their privacy whilst using the internet can use OXT to buy bandwidth from sellers listed on a provider directory stored on an Ethereum smart contract. Read more on their website.

Synthetix

Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralised by the Synthetix Network Token, SNX. SNX is an Ethereum token which enables the issuance of synthetic assets known as Synths. Synths allow real-world currencies, commodities, stocks, and indices to be represented directly on the blockchain. Read more on their website.

The Graph

GRT is the Ethereum token that powers the Graph Network. It’s an indexing protocol for querying which aims to allow users to efficiently query blockchain data without relying on a centralised service provider. Similar to how Google indexes the web, The Graph indexes blockchain data. Read more on their website.

UMA

UMA is a financial contracts platform and Ethereum token built to enable Universal Market Access on Ethereum. The platform focuses on “priceless” financial contract templates – contracts that don’t require an on-chain price feed to function. They can be used to create synthetic tokens and Data Verification Mechanism (DVM), an optimistic oracle service. Together, these two technologies enable the creation of fast, efficient, and secure synthetic derivatives on the Ethereum blockchain. Read more on their website.

Uniswap

UNI is an Ethereum token that powers Uniswap, an exchange that allows users to easily trade different Ethereum assets in a decentralised manner. It uses an automated market making system rather than a traditional order book. Read more on their website.

Yearn Finance revolut cryptocurrencies

YFI is an Ethereum token that governs the Yearn Finance platform. Yearn Finance are a suite of products that provide lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders. Read more on their website.

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