Overview of the Change#
Revolut announced on Friday that it will be winding down its commodities trading services in certain European countries. Customers will have a 60-day period to sell their holdings in precious metals such as gold, silver, platinum, and palladium.
Affected Customers#
While the specific countries affected by this change have not been disclosed, a spokesperson for Revolut mentioned that only a small group of customers will be impacted. Those in the affected regions will be contacted directly and will receive refunds for any commission fees incurred.
Current Services Unchanged#
Despite this change in commodities trading, all other products and services offered by Revolut will remain unaffected. This means that customers can continue to use the app for other financial services without interruption.
Revolut's Financial Background#
In its annual report, Revolut revealed that it held approximately £739 million (about $997 million) in precious metals as of 2025. This investment was aimed at protecting against price fluctuations in customer holdings, a significant increase from £199 million the previous year. However, the company did not provide details on the distribution of these holdings by country.
Future Plans#
Revolut is actively seeking to expand its operations in Europe and has applied for a banking license in France. Currently, it offers banking services across the European Union under a license from Lithuania.