The Giant Company Shared 5 Altcoins That Its Customers Have Invested Densely!
Revolut said that the company’s 2019 annual financial report saw a 150% increase in its customers’ cryptocurrency assets. As of December 31, 2019, the investment firm’s crypto asset increased from $ 48.33 million to $ 121 million in 2018. Interest in the crypto market has revived as Bitcoin showed signs of recovery after its mid-March crash and is now starting its uptrend, which has been going on for four months, according to Revolut’s data reported by Finextra.
According to the latest data, within two weeks after April 20, the number of UK customers investing in cryptocurrencies increased by 68%, while the average amount of coins purchased increased by 57%. Revolut offers the opportunity to invest in a wide variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Stellar Lumens (XLM), as a broker to its 12 million customers in Europe and the USA. servicing. Revolut basically states that he owns these cryptocurrencies.
Revolut’s CEO has been an advocate of cryptocurrencies in the past
The company stores digital assets in a variety of ways, including entrusting them to a cryptocurrency custodian, a cryptocurrency wallet provider, and cryptocurrency exchanges that host hot wallets or internet-connected wallets and cold wallets or offline wallets. The money transfer and clearing firm handles 100 million transactions per month.
Revolut’s CEO, Nikolay Storonsky, has been an advocate of cryptocurrencies in the past and disagrees with the public who, like JPMorgan Chase CEO Jamie Dimon, describes digital assets as “an explosive scam.”