In a significant development for cryptocurrency enthusiasts, Revolut, a leading digital bank, has teamed up with Ledger, a prominent hardware wallet provider, to expand crypto trading capabilities across the European Economic Area (EEA). This partnership aims to make it easier for users in 27 EEA countries, including Bulgaria, Denmark, Ireland, and Switzerland, to securely trade cryptocurrencies.
Announced on August 14, the collaboration will integrate Revolut as an official buy provider within Ledger’s self-custodial wallet application, Ledger Live. This integration allows Revolut customers who have completed the Know Your Customer (KYC) process to instantly buy and sell cryptocurrencies like Bitcoin without additional verification steps, making the process more streamlined.
The partnership underscores the growing importance of self-custody in the digital asset space, as more individuals seek to fully control their crypto holdings. The new features also enable non-Revolut users to easily complete KYC checks and make purchases via Visa or Mastercard within minutes.
Revolut, the UK’s largest fintech company with over 40 million customers globally, has been offering cryptocurrency services since 2017. This latest initiative with Ledger marks a significant step forward in Revolut’s mission to simplify and secure the onboarding process for Web3 technologies. Emil Urmanshin, Revolut’s general crypto manager, expressed his enthusiasm for the partnership, stating,
“We're delighted to be working with Ledger, a leader in the self-custody space, as we further cement Revolut as the go-to financial app for crypto investors.”
Urmanshin also highlighted the success of Revolut Ramp, which launched in March 2024, noting that this new partnership is a testament to its effectiveness. He added,
“With more people wanting to participate in the digital asset economy, self-custody will naturally become the focal point as they look to leverage the benefits of crypto. Users will now be able to trade with Revolut, all while maintaining full digital ownership.”
With this collaboration, users can now seamlessly purchase and deposit cryptocurrencies directly into self-custodial wallets like Ledger or MetaMask, using their Revolut account balance or bank cards, enhancing both security and convenience in the rapidly evolving crypto market.
