Revolut has partnered with Trust Wallet to offer EU users the ability to purchase Bitcoin and other cryptocurrencies with zero fees, sending assets directly into their self-custodial Trust Wallet.
This enables secure, cost-effective crypto purchases and emphasizes self-custody, potentially enhancing user adoption and reducing reliance on traditional custodial exchanges.
Revolut and Trust Wallet have launched a partnership, enabling EU users to purchase Bitcoin and other cryptocurrencies with zero fees, directly transferring them into self-custodial Trust Wallets.
This development emphasizes user control over digital assets and potentially increases EU market crypto participation.
Revolut Teams with Trust Wallet for Crypto Transfers
The integration allows EU users to buy Bitcoin and other cryptos in Revolut, with assets sent directly to Trust Wallet. Both entities focus on reducing fees and boosting self-custody.
Revolut, a UK-headquartered fintech firm, teams with Trust Wallet, a Binance-acquired wallet, to provide zero-fee purchases. This move strengthens Revolut's crypto services and expands self-custodial options.
EU Crypto Adoption Expected to Rise
The partnership is expected to increase crypto adoption in the EU by making the purchase process easier and cheaper, pushing more users toward self-custody solutions like Trust Wallet.
Financially, Revolut leverages its payments and FX rails instead of custody spreads, while Trust Wallet underscores the shift from custodial to non-custodial holdings. This aligns with a broader crypto movement toward user empowerment. As Ed Cooper, Head of Crypto at Revolut, said, "Revolut and Trust Wallet have partnered to enable instant crypto purchases in the EU with zero fees in some cases..."
Revolut's Continued Expansion in Crypto Services
In 2018, Revolut used Fireblocks infrastructure for its crypto expansion, facilitating off-app transfers. This new partnership is consistent with Revolut's history of building secure and scalable crypto services.
Previously, Revolut's partnership with Uniswap demonstrated its capacity to integrate with crypto-native platforms. This latest development is perceived as aiding more direct self-custody entries.