Revolut is a popular FinTech company based in the United Kingdom. Many people who live abroad are using their Revolut cards to get the best forex rate from local ATM machines. Revolut also offers crypto retail purchases within its platform. Fortunately for them, there is a 68% increase in crypto retail growth within the Revolut ecosystem.
At the beginning of March (beginning of lockdowns in various countries), cryptocurrency prices kept dropping. As a result, Revolut users also started to become much less active in their crypto trading activities.
Nevertheless, the market confidence in crypto has slowly regained in April and May. As a result, Revolut enjoys a 68% growth for its crypto retail activities inside the app. Surprisingly (or not), crypto selling trades inside the Revolut app has also increased at the beginning of May.
Another interesting take away from the report is that XRP has surpassed ETH as the second most popular cryptocurrency among Revolut users.
Last but not least, Revolut also believes there’s a strong connection between the age group of users and the number of cryptocurrencies that they bought. The majority of older crypto users (such as those who are 55-64-year-olds) trade much larger amounts of crypto compared to the youngsters (such as those who are in the 18-24 age group).
Source: Cointelegraph
