Revolut now offers 11 new cryptocurrencies

There are over 30 cryptocurrencies already available on Revolut’s trading platform

Revolut crypto

Revolut now offers 11 new cryptocurrencies. Source: blog.revolut.com

Revolut has revealed that its EU and UK customers will now be able to trade 11 additional crypto tokens.

According to information, users will now be able to trade Cardano, Uniswap, Synthetix, Yearn Finance, Uma, Bancor, Filecoin, Numeraire, Loopring, Orchid, and The Graph.

Bancor

BNT is an Ethereum token powering the Bancor Protocol. The protocol aims to allow crypto assets that would have been traditionally difficult to trade due to low liquidity to be exchanged directly on-chain. Bancor does this by enabling automatic price determination and an autonomous liquidity mechanism for tokens on smart contract blockchains.

Cardano

ADA is the token that powers the Cardano blockchain. It relies on a proof-of-stake consensus model called Ouroboros. Cardano validates blockchain transactions without high energy costs.

Filecoin

FIL is the native protocol token of the Filecoin network. Filecoin is a decentralized storage network that aims to let anyone host, store, or receive digital information. It turns cloud storage into a market and allows users to sell their excess storage on an open platform.

Loopring

LRC is an Ethereum token supporting the Loopring protocol. The protocol is a collection of Ethereum smart contracts which describe how to build orderbook-based decentralized exchanges, automated market makers, and payment apps. The goal of Loopring is to promote decentralization and reduce user reliance on traditionally centralised services such as exchanges and help enable global liquid markets.

Numeraire

Numerai is a crowd-sourced, AI-run investment firm that allows the public to submit machine learning models to predict stock prices. These crowd-sourced models are ranked weekly in what Numerai calls “the hardest data science tournament on the planet”. Winners are rewarded with NMR, an Ethereum token.

Orchid

OXT is an Ethereum token that powers the Orchid network. Orchid focuses on enabling a decentralized VPN. Users who want to use the network to maintain their privacy whilst using the internet can use OXT to buy bandwidth from sellers listed on a provider directory stored on an Ethereum smart contract.

Synthetix

Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token, SNX. SNX is an Ethereum token that enables the issuance of synthetic assets known as Synths. Synths allow real-world currencies, commodities, stocks, and indices to be represented directly on the blockchain.

The Graph

GRT is the Ethereum token that powers the Graph Network. It’s an indexing protocol for querying which aims to allow users to efficiently query blockchain data without relying on a centralized service provider. Similar to how Google indexes the web, The Graph indexes blockchain data.

UMA

UMA is a financial contracts platform and Ethereum token built to enable Universal Market Access on Ethereum. The platform focuses on “priceless” financial contract templates – contracts that don’t require an on-chain price feed to function. They can be used to create synthetic tokens and Data Verification Mechanism, an oracle service.

Uniswap

UNI is an Ethereum token that powers Uniswap, an exchange that allows users to easily trade different Ethereum assets in a decentralized manner. It uses an automated market-making system rather than a traditional order book.

Yearn Finance

YFI is an Ethereum token that governs the Yearn Finance platform. Yearn Finance is a suite of products that provide lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders.

We’ve reported that an Italian arrested after paying a hitman in crypto to murder ex-girlfriend.

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