Revolut secures UK FCA approval to expand investment services

Neobank Revolut, which provides cryptocurrency and crypto-related stock investment services, has secured additional license approval from the UK's Financial Conduct Authority (FCA) to expand its investment and wealth management offerings, Crowdfund Insider reported. The new license allows Revolut to directly manage customer asset portfolios and conduct proprietary trading in certain transactions. The company stated it plans to launch leveraged investment products, professionally managed portfolios, and customized wealth management services for high-net-worth individuals in the UK market.