Crowdfund Insider reported that neobank Revolut, which provides cryptocurrency and cryptocurrency stock investment services, has obtained additional license approval from the UK Financial Conduct Authority (FCA) to expand its investment and asset management services. With this license approval, Revolut can now directly manage customer asset portfolios and conduct proprietary trading in some transactions. Accordingly, the company explained that it plans to launch leveraged investment products, professionally managed portfolios, and customized asset management services for high-net-worth individuals in the UK market in the future.
