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Revolut expands its crypto offering through new partnership

May 12, 2021

This partnership lets Revolut broaden its cryptocurrency offering

Revolut crypto

Revolut expands its crypto offering through new partnership. Source: elliptic.com

Revolut has announced its integration with Elliptic, the crypto assets risk management and blockchain analytics company.

That means UK Revolut Metal customers are now able to withdraw cryptocurrency and their transactions are recorded on the blockchain, for the first time.

Since 2018, they have been able to hold crypto assets. With this launch, Revolut’s customers are able to spend their cryptocurrency, send it to personal wallets, or transfer it to other services such as exchanges.

Revolut will use Elliptic Lens, Navigator and Forensics in the UK to give visibility over risks, and the knowledge to block high-risk crypto asset transactions.

Elliptic’s reputation as the global leader in crypto asset risk management made them the clear choice as Revolut’s compliance partner in the UK to support us as we continue to grow at pace and enhance our offering. Their services provide us with an integrated, automated compliance solution that is tailored to our risk appetite and enables us to meet FCA requirements and other regulatory standards. Elliptic’s asset-agnostic scoring capabilities, configurable risk rules, as well as the extensive selection of cryptocurrencies supported are crucial for Revolut’s compliance operations and broadened cryptocurrency offering
Ed Cooper, Head of Crypto, on why Revolut chose to work with Elliptic

We’ve reported that Revolut now offers 11 new cryptocurrencies.

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