Revolut is adding the ability to buy and sell corporate and government bonds for its users across Europe.
In a significant move to broaden its financial services, Revolut has introduced bond trading through its platform. This new feature, offered via Revolut Securities Europe, allows users to invest in corporate and government bonds across European Economic Area (EEA) markets. With a minimum investment of €100 or $100, users can now trade bonds at a fixed fee of 0.25% per trade.
Fintech GTN Partnership Enhances Trading Functionality
Revolut’s latest offering is supported by fintech firm GTN, which brings its instant click-to-trade functionality to the table. This feature is delivered through FIX and REST APIs, ensuring a seamless trading experience for users. The integration of such advanced technology highlights Revolut’s commitment to providing state-of-the-art financial services.
Expanded Trading Options Through CMC Markets
Revolut is also enhancing its trading capabilities through a new partnership with CMC Markets. This collaboration will offer Revolut users access to a broad range of trading options, including Forex (FX), Index, Commodities, Treasuries, and Equity Contracts for Difference (CFDs). According to CMC CEO Peter Cruddas, the partnership will initially support these asset classes, with the potential to expand to others in the future.
CMC Markets will provide essential services such as trading, pricing, account systems, execution, and clearing, all integrated within the Revolut app. This integration aims to deliver a comprehensive and efficient trading experience for Revolut’s customers.
Introduction of RevPoints Loyalty Program
In addition to expanding its trading services, Revolut is launching a new pan-European debit loyalty card program called RevPoints. Initially rolled out in the UK, RevPoints allows cardholders to convert their spending into valuable rewards. These rewards include airline miles, discounts on travel, accommodation, and various experiences, adding another layer of value for Revolut’s customers.
Conclusion
Revolut’s addition of bond trading, enhanced trading options through CMC Markets, and the introduction of the RevPoints loyalty program demonstrate the company’s ongoing efforts to diversify and enrich its financial services. These initiatives not only provide users with more investment opportunities but also enhance the overall user experience, solidifying Revolut’s position as a leading fintech company in Europe.