News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fintech

Revolut gets US stock broking approval to take on Robinhood

Payment for order flow will form part of revenue from new product

Stock trading in the US is 'the next logical step' for Revolut in the States, chief executive Nikolay Storonsky said
Stock trading in the US is 'the next logical step' for Revolut in the States, chief executive Nikolay Storonsky said Photo: Bloomberg via Getty Images

British digital bank Revolut has been authorised as a licensed broker-dealer in the US, allowing it to expand its commission-free stock trading platform overseas.

Operating under the name Revolut Securities, the $33bn fintech firm plans to offer access to stocks, cryptocurrencies and exchange-traded funds via its app with no minimum required investment.

WSJ Logo