Trading
Revolut gets UK trading license, set to offer UK & EU stock trading
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(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and
(Reuters) – Fintech Revolut said on Monday it has got a UK trading license from the British financial regulator that will allow the company to offer trading of UK and EU-listed stocks and exchange-traded funds from 2025.
The company, which recently secured a $45 billion valuation making it one of Europe’s most valuable fintechs, will now compete with companies such as Trading 212, Freetrade, Hargreaves Lansdown and AJ Bell in the UK trading market.
Revolut, which currently has more than 650,000 UK trading customers, earlier operated as a partnership where it offered an investment service through its app and retail customers could buy and sell shares listed in the United States.
The company received a UK banking licence in July with some restrictions, ending a three-year wait for the authorisation and removing regulatory uncertainty that had held back its ambitions in Britain.
London-based Revolut is one of a handful of financial services apps to emerge in Britain over the last decade, offering services without physical branches.
(Reporting by Yamini Kalia in Bengaluru; Editing by Shounak Dasgupta)
A trading license is a legal authorization granted by a regulatory authority that allows a company to conduct trading activities, such as buying and selling stocks and other financial instruments.
Exchange-traded funds (ETFs) are investment funds that are traded on stock exchanges, similar to individual stocks. They hold a collection of assets like stocks, commodities, or bonds.
A fintech company is a business that uses technology to provide financial services, such as banking, investment, and payment solutions, often with a focus on innovation and efficiency.
Stock trading involves buying and selling shares of publicly traded companies on stock exchanges. It is a way for investors to participate in the financial markets.
Valuation in finance refers to the process of determining the current worth of an asset or a company, often based on various financial metrics and market conditions.
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