Revolut on Mission to Build Crypto Exchange, Recruitment Begins

A LinkedIn job ad posting by Revolut confirms that the company is looking out for a technical lead with 7+ years of experience in building order matching engines. The exchange would allow the existing and new customers of Revolut to trade crypto and other digital currencies on the app.

With respect to cryptocurrencies, the digital bank allows the trading of up to 20 crypto tokens. This would change and enable customers to deal in crypto more with the crypto exchange service. Revolut was facing a long-standing issue when it comes to the transfer of bitcoins outside the super app. However, that got resolved earlier this year and now customers can transfer their holdings onto other wallets. In addition, Revolut has also started creating its own bitcoin holdings as it used the cryptocurrency to pay for the US office space post-closing a deal with WeWork.

Another fact to support Revolut’s growing crypto involvement includes its interest in launching a token similar to Binance’s BNB. Also, in September, the company announced commission-free trading off crypto up to $200,000 a month in order to boost financial freedom amongst its customers.

In July this year, Revolut had made $800 million in a funding round valuing it at a total of $33 billion. The loss-making firm has been seeking ways to enhance its crypto game to attract more customers as well as offer improved services. The crypto exchange would help Revolut in creating a place for itself in the crypto ecosystem. With the massive fluctuations within the cryptocurrency world, who wouldn’t want a share of the pie?

About Revolut

Revolut is a fintech company that offers myriad services in the form of a mobile app, a prepaid debit card, and currency exchange and peer-to-peer payments. With over 16 million customers and functioning in more than 35 countries, Revolut has truly been a global financial super app. The app boasts of more than 100 million transactions every month in the form of various services that it offers.

Its mission is to be the one app customers would use for everything financial; from daily expenses to investments and savings in multiple channels. It wants you to make more money from your existing personal wealth.

The company’s mobile app lets you make ATM withdrawals in almost 120 currencies. Cryptocurrencies like Bitcoin, Litecoin, XRP, Ethereum and Bitcoin Cash can be exchanged on the platform against 25 fiat currencies. Earlier, customers were not allowed to take the crypto out of the super app however, the company has made amends to it, leaving customers with the choice to either keep their coins on the app or to move them to another wallet.