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BTCC / BTCC Square / Global Cryptocurrency /
Revolut Secures UK Banking License, Plans Phased Rollout of Current Accounts

Revolut Secures UK Banking License, Plans Phased Rollout of Current Accounts

Author:
Global Cryptocurrency
Published:
2026-03-12 01:53:02
20
1
BTCCSquare news:

Revolut has crossed a pivotal threshold in its evolution from fintech disruptor to licensed UK bank. The Prudential Regulation Authority's approval of Revolut Bank UK Ltd. grants the company authority to offer FSCS-protected accounts—a watershed moment that legitimizes its 13 million UK customers' deposits under the £85,000 guarantee scheme.

The banking infrastructure will launch incrementally, with current accounts rolling out to select users before broader availability. Notably, Revolut's cryptocurrency trading arm remains siloed from core banking operations, continuing to function through a separate entity within the same app interface—a structural nuance reflecting regulatory caution toward digital assets.

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