Revolut’s New Private Banking Ambitions Could Deepen Its Crypto Wealth Push
BeInCrypto
Revolut plans to launch a UK private banking unit with a £500,000 threshold to attract crypto-focused, mass-affluent wealth clients.Summary
Revolut is set to launch a new private banking unit in the UK this summer, targeting mass-affluent customers with a £500,000 deposit threshold. By leveraging recent regulatory approvals from the Financial Conduct Authority, the platform intends to offer sophisticated services—including leveraged products and managed portfolios—to users who maintain significant crypto holdings. This initiative aims to bridge the gap left by traditional private banks, which often set higher entry requirements and remain hesitant toward digital assets, while positioning Revolut for a potential future IPO.
(Source：BeInCrypto)