Summary: Coindesk, citing people familiar with the matter, reported that Revolut, a British financial technology company with a valuation of $33 billion, may launch its own cryptocurrency.  A source revealed that Revolut is studying trading tokens such as Binance's BNB, rather than creating stablecoins. In terms of the launching time, the source said that this needs ...

Coindesk, citing people familiar with the matter, reported that Revolut, a British financial technology company with a valuation of $33 billion, may launch its own cryptocurrency. 

A source revealed that Revolut is studying trading tokens such as Binance's BNB, rather than creating stablecoins. In terms of the launching time, the source said that this needs to be approved by the UK Financial Conduct Authority (FCA). Another source said that Revolut's token plan mainly targets Europe and other regions outside the United States.

Revolut recently announced that it pays WeWork membership in Dallas in Bitcoin. The company already holds an EU banking license and a U.S. broker-dealer license. In the June earnings conference call, Revolut stated that crypto services accounted for approximately 20% of its revenue.

By Mary Liu