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May 9 2021

Revolut is about to add dogecoin to crypto trading portfolio

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Revolut is preparing to list Dogecoin as one of the tradeable crypto’s in the Revolut financial super-app, which is more and more serving as a trading app.

According to The Block’s special report , the company was aiming to open Dogecoin for trading before Elon Musk’s show on Saturday Night Live aired, but as of May 7, tests were still being conducted on Dogecoin.

Read also: Bunq exceeds €1 billion in user deposits

Sources told The Block that Revolut may be launching dogecoin soon, but the exact timing is still unclear. A spokesperson of Revolut declined to comment.

Dogecoin was launched in 2013 as a joke. The cryptocurrency has reached a market value of almost $ 100 billion this year, with the support of billionaires such as Elon Musk and Mark Cuban.

Revolut now has more than 15 million users and added 11 new cryptocurrencies last month, increasing the number of cryptocurrencies it listed to 21. In the application, cryptocurrencies can only be traded and stored, and cannot be withdrawn from another wallet.

The new list includes Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph.

Revolut announced this with a statement: “2021! Revolut’s year of crypto. A whole year to bring you new features, new tokens, and a few other surprises along the way. You asked for new tokens, we’ve delivered. We’ve been tracking hot tokens and top movers to bring our UK and EU customers 11 new cryptocurrencies.”

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However, the company announced on May 6 that it will allow Bitcoin withdrawals.

A Revolut spokesperson has confirmed the announcement of withdrawals last week in an email to Forbes, stating “We’re launching next Thursday, unfortunately the blog went up a little too soon”.

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